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2017-12-31
2017
FY
New Gold Inc. /FI
0000800166
--12-31
Yes
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">10. Mining interests</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt" colspan="2"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Mining</font> <font color="#f0ffff">Properties</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div> </div> </td> </tr> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; WIDTH: 34%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Dep</font><font color="#f0ffff">letable</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff"> Non-</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">deple</font><font color="#f0ffff">table</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Plant &</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"> <font color="#f0ffff">equip</font><font color="#f0ffff">ment</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff"> Construction</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"> <font color="#f0ffff">in</font> <font color="#f0ffff"> progress</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Explor</font><font color="#f0ffff">ation  &</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"> <font color="#f0ffff">eval</font><font color="#f0ffff">uation</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><b><font color="#f0ffff">To</font><font color="#f0ffff">tal</font></b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 7pt"><i>(in millions of U.S. dollars)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Cost</b></font></div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><b><i>As at December 31, 2015</i></b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">1,459.5</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">1,020.9</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">875.8</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">325.5</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">7.5</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">3,689.2</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Additions</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">57.0</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">90.2</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">32.6</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">509.9</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">689.7</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Disposals</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">(13.6)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">(13.6)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Transfers</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">23.7</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">6.0</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">64.3</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">(94.0)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Impairments</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">(6.4)</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">(6.4)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><b><i>As at December 31, 2016</i></b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1,540.2</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1,117.1</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>959.1</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>741.4</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1.1</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>4,358.9</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Additions</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>88.8</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>65.8</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>44.5</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>529.7</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>728.8</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Disposal of El Morro stream</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(32.0)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(32.0)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Disposals</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(17.0)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(17.0)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Impairment loss on held-for-sale assets<b><sup style="font-style:normal">(2)</sup></b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(48.6)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(48.6)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Assets reclassified as held-for-sale<b><sup style="font-style:normal">(2)</sup></b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(178.5)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(9.8)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(161.4)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(0.3)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(350.0)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Transfers<b><sup style="font-style:normal">(3)</sup></b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1,219.5</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(580.2)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>554.1</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(1,213.8)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(20.4)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Impairments<b><sup style="font-style:normal">(4)</sup></b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(268.4)</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(268.4)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><b><i>As at December 31, 2017</i></b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>2,353.0</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>560.9</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1,379.3</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>57.0</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1.1</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>4,351.3</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Accumulated depreciation</b></font></div> </td> <td style="BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><b><i>As at December 31, 2015</i></b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">541.8</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">344.2</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">886.0</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Depreciation for the year</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">193.1</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">100.7</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">293.8</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Disposals</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">(12.2)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">(12.2)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><b><i>As at December 31, 2016<sup style="font-style:normal">(1)</sup></i></b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>734.9</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>432.7</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>1,167.6</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Depreciation for the period</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>161.7</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>102.5</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>264.2</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Disposals</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(16.2)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(16.2)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Reclassified as held for sale<b><sup style="font-style:normal">(2)</sup></b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(159.3)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(105.4)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(264.7)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><b><i>As at December 31, 2017</i></b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>737.3</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>413.6</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>1,150.9</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> CARRYING AMOUNT</b></font></div> </td> <td style="BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><b><i>As at December 31, 2016<sup style="font-style:normal">(1)</sup></i></b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>805.3</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1,117.1</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>526.4</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>741.4</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1.1</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>3,191.3</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><b><i>As at December 31, 2017</i></b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1,615.7</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>560.9</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>965.7</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>57.0</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1.1</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>3,200.4</b></font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div>1.</div> </td> <td style="TEXT-ALIGN: justify"> <div>Prior-year period comparatives have been revised as per note 5.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div>2.</div> </td> <td style="TEXT-ALIGN: justify"> <div>Refer to Note 16 for further information on the assets held for sale.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div>3.</div> </td> <td style="TEXT-ALIGN: justify"> <div>Effective November 1, 2017, Rainy River achieved commercial production. As a result, the Company transferred amounts capitalized to construction in progress to depletable mining properties and plant & equipment and assets capitalized as non-depletable mining properties were transferred to depletable mining properties. Additionally, on November 1, 2017, the Company transferred $20.4 million related to inventories from construction in progress to current assets.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div>4.</div> </td> <td style="TEXT-ALIGN: justify"> <div>Refer to note 11 for further information on impairment.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.25in; FONT: italic 7pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.55pt; MARGIN: 0pt 0px 0pt 0.55pt; FONT: italic 7pt Calibri,sans-serif" align="justify">The Company capitalized interest of $51.3 million for the year ended December 31, 2017 (2016 - $49.4 million) to qualifying development projects. The Company’s annualized capitalization rate is 5.44% (2016 – 6.70%).</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Disposal of El Morro gold stream asset</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="LETTER-SPACING: -0.1pt">In February 2017, the Company disposed of its El Morro gold stream asset for proceeds of $65.0 million which resulted in a net gain of $33.0 million.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Carrying amount by property as at December 31, 2017:</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt" colspan="5"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff"> December 31, 2017</font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 40%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 7pt"><i>(in millions of U.S. dollars)</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> Depletable</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> Non-</b></font><br/> <font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> depletable</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>Plant &</b></font><br/> <font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> equipment</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> Construction</b></font><br/> <font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>in progress</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> Total</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> mining interest by site</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">New Afton</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 521.8</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 22.9</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 225.7</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 15.1</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 785.5</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Mesquite</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 150.0</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> - </b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 83.5</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 2.7</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 236.2</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Cerro San Pedro</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 0.6</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> - </b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> - </b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> - </b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 0.6</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Rainy River</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 948.1</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 0.5</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 633.6</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 39.2</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 1,621.4</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Blackwater</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> - </b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 537.5</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 14.6</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> - </b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 552.1</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Other<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> - </b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 1.1</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 3.5</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> - </b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 4.6</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Carrying amount as at December 31, 2017</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 1,620.5</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 562.0</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 960.9</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 57.0</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 3,200.4</b></font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div>1.</div> </td> <td style="TEXT-ALIGN: justify"> <div>Other includes corporate balances and exploration properties.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Carrying amount by property as at December 31, 2016:</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="5"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff"> December 31, 2016</font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 40%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 7pt"><i>(in millions of U.S. dollars)</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> Depletable</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> Non-</b></font><br/> <font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> depletable</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>Plant &</b></font><br/> <font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> equipment</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> Construction</b></font><br/> <font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>in progress</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> Total</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> mining interest by site</b></font></div> </td> <td style="BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">New Afton</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">574.4</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">20.0</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">247.1</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">5.2</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">846.7</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Mesquite</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">170.3</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">98.2</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">3.1</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">271.6</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Peak Mines</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">58.6</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">9.8</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">52.5</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">0.3</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">121.2</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Cerro San Pedro</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">2.0</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">2.0</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Rainy River</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">531.0</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">109.6</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">732.8</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">1,373.4</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Blackwater</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">524.3</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">15.2</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">539.5</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">El Morro gold stream asset</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">32.0</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">32.0</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Other<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">1.1</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">3.8</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">4.9</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Carrying amount as at December 31, 2016<sup style="font-style:normal">(2)</sup></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">805.3</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">1,118.2</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">526.4</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">741.4</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">3,191.3</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div>1.</div> </td> <td style="TEXT-ALIGN: justify"> <div>Other includes corporate balances and exploration properties.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div>2.</div> </td> <td style="TEXT-ALIGN: justify"> <div>Prior-year period comparatives have been revised as per note 5.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify"></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt" colspan="2"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Mining</font> <font color="#f0ffff">Properties</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div> </div> </td> </tr> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; WIDTH: 34%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Dep</font><font color="#f0ffff">letable</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff"> Non-</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">deple</font><font color="#f0ffff">table</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Plant &</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"> <font color="#f0ffff">equip</font><font color="#f0ffff">ment</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff"> Construction</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"> <font color="#f0ffff">in</font> <font color="#f0ffff"> progress</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Explor</font><font color="#f0ffff">ation  &</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"> <font color="#f0ffff">eval</font><font color="#f0ffff">uation</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><b><font color="#f0ffff">To</font><font color="#f0ffff">tal</font></b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 7pt"><i>(in millions of U.S. dollars)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Cost</b></font></div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><b><i>As at December 31, 2015</i></b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">1,459.5</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">1,020.9</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">875.8</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">325.5</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">7.5</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">3,689.2</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Additions</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">57.0</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">90.2</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">32.6</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">509.9</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">689.7</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Disposals</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">(13.6)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">(13.6)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Transfers</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">23.7</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">6.0</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">64.3</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">(94.0)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Impairments</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">(6.4)</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">(6.4)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><b><i>As at December 31, 2016</i></b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1,540.2</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1,117.1</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>959.1</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>741.4</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1.1</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>4,358.9</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Additions</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>88.8</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>65.8</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>44.5</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>529.7</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>728.8</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Disposal of El Morro stream</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(32.0)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(32.0)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Disposals</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(17.0)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(17.0)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Impairment loss on held-for-sale assets<b><sup style="font-style:normal">(2)</sup></b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(48.6)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(48.6)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Assets reclassified as held-for-sale<b><sup style="font-style:normal">(2)</sup></b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(178.5)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(9.8)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(161.4)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(0.3)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(350.0)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Transfers<b><sup style="font-style:normal">(3)</sup></b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1,219.5</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(580.2)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>554.1</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(1,213.8)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(20.4)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Impairments<b><sup style="font-style:normal">(4)</sup></b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(268.4)</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(268.4)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><b><i>As at December 31, 2017</i></b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>2,353.0</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>560.9</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1,379.3</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>57.0</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1.1</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>4,351.3</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Accumulated depreciation</b></font></div> </td> <td style="BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><b><i>As at December 31, 2015</i></b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">541.8</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">344.2</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">886.0</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Depreciation for the year</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">193.1</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">100.7</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">293.8</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Disposals</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">(12.2)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">(12.2)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><b><i>As at December 31, 2016<sup style="font-style:normal">(1)</sup></i></b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>734.9</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>432.7</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>1,167.6</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Depreciation for the period</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>161.7</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>102.5</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>264.2</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Disposals</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(16.2)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(16.2)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Reclassified as held for sale<b><sup style="font-style:normal">(2)</sup></b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(159.3)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(105.4)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>(264.7)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><b><i>As at December 31, 2017</i></b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>737.3</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>413.6</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>-</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>1,150.9</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> CARRYING AMOUNT</b></font></div> </td> <td style="BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><b><i>As at December 31, 2016<sup style="font-style:normal">(1)</sup></i></b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>805.3</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1,117.1</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>526.4</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>741.4</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1.1</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>3,191.3</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><b><i>As at December 31, 2017</i></b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1,615.7</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>560.9</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>965.7</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>57.0</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>1.1</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b>3,200.4</b></font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div>1.</div> </td> <td style="TEXT-ALIGN: justify"> <div>Prior-year period comparatives have been revised as per note 5.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div>2.</div> </td> <td style="TEXT-ALIGN: justify"> <div>Refer to Note 16 for further information on the assets held for sale.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div>3.</div> </td> <td style="TEXT-ALIGN: justify"> <div>Effective November 1, 2017, Rainy River achieved commercial production. As a result, the Company transferred amounts capitalized to construction in progress to depletable mining properties and plant & equipment and assets capitalized as non-depletable mining properties were transferred to depletable mining properties. Additionally, on November 1, 2017, the Company transferred $20.4 million related to inventories from construction in progress to current assets.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div>4.</div> </td> <td style="TEXT-ALIGN: justify"> <div>Refer to note 11 for further information on impairment.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Carrying amount by property as at December 31, 2017:</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 3pt" colspan="5"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff"> December 31, 2017</font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 40%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 7pt"><i>(in millions of U.S. dollars)</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> Depletable</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> Non-</b></font><br/> <font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> depletable</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>Plant &</b></font><br/> <font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> equipment</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> Construction</b></font><br/> <font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>in progress</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> Total</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> mining interest by site</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">New Afton</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 521.8</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 22.9</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 225.7</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 15.1</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 785.5</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Mesquite</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 150.0</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> - </b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 83.5</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 2.7</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 236.2</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Cerro San Pedro</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 0.6</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> - </b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> - </b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> - </b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 0.6</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Rainy River</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 948.1</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 0.5</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 633.6</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 39.2</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 1,621.4</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Blackwater</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> - </b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 537.5</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 14.6</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> - </b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 552.1</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Other<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> - </b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 1.1</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 3.5</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> - </b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 4.6</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Carrying amount as at December 31, 2017</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 1,620.5</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 562.0</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 960.9</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 57.0</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 3,200.4</b></font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div>1.</div> </td> <td style="TEXT-ALIGN: justify"> <div>Other includes corporate balances and exploration properties.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Carrying amount by property as at December 31, 2016:</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="5"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff"> December 31, 2016</font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 40%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 7pt"><i>(in millions of U.S. dollars)</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> Depletable</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> Non-</b></font><br/> <font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> depletable</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>Plant &</b></font><br/> <font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> equipment</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> Construction</b></font><br/> <font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>in progress</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> Total</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> mining interest by site</b></font></div> </td> <td style="BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">New Afton</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">574.4</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">20.0</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">247.1</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">5.2</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">846.7</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Mesquite</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">170.3</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">98.2</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">3.1</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">271.6</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Peak Mines</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">58.6</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">9.8</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">52.5</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">0.3</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">121.2</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Cerro San Pedro</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">2.0</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">2.0</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Rainy River</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">531.0</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">109.6</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">732.8</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">1,373.4</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Blackwater</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">524.3</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">15.2</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">539.5</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">El Morro gold stream asset</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">32.0</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">32.0</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Other<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">1.1</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">3.8</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">-</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">4.9</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Carrying amount as at December 31, 2016<sup style="font-style:normal">(2)</sup></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">805.3</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">1,118.2</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">526.4</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">741.4</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">3,191.3</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div>1.</div> </td> <td style="TEXT-ALIGN: justify"> <div>Other includes corporate balances and exploration properties.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div>2.</div> </td> <td style="TEXT-ALIGN: justify"> <div>Prior-year period comparatives have been revised as per note 5.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
33000000
0
275000000
225000000
67200000
57200000
1459500000
1020900000
875800000
325500000
7500000
90200000
32600000
509900000
0
689700000
23700000
6000000
64300000
-94000000
0
0
0
0
6400000
6400000
1540200000
1117100000
959100000
741400000
1100000
2600000
0
65800000
44500000
529700000
0
728800000
1219500000
-580200000
554100000
-1213800000
0
-499000000
-558200000
268400000
0
0
0
0
-34600000
-10400000
2353000000
560900000
1379300000
57000000
1100000
164700000
0
541800000
0
294600000
0
344200000
0
0
193100000
0
100700000
0
0
305300000
0
734900000
0
432700000
0
0
0
102500000
0
0
264200000
737300000
0
413600000
0
0
1117100000
526400000
741400000
1100000
560900000
965700000
57000000
1100000
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #2bb7df" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">1. Description of business and nature of operations</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: 10pt Calibri,sans-serif" align="justify"><font style="TEXT-TRANSFORM: none; FONT-WEIGHT: normal">New Gold Inc. (“New Gold” or the “Company”) is an intermediate gold mining company engaged in the development and operation of mineral properties. The assets of the Company, directly or through its subsidiaries, are comprised of the Rainy River Mine in Canada (“Rainy River”), which achieved commercial production on November 1, 2017, the New Afton Mine in Canada (“New Afton”), the Mesquite Mine in the United States (“Mesquite”), the Cerro San Pedro Mine in Mexico (“Cerro San Pedro”) and the Peak Mines in Australia (“Peak Mines”) which has been classified as a discontinued operation as at and for the year ended December 31, 2017. The Company also owns the Blackwater project in Canada (“Blackwater”).</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: 10pt Calibri,sans-serif" align="justify"><font style="TEXT-TRANSFORM: none; FONT-WEIGHT: normal">The Company is a corporation governed by the Business Corporations Act (British Columbia). The Company’s shares are listed on the Toronto Stock Exchange and the New York Stock Exchange American under the symbol NGD.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="TEXT-TRANSFORM: none; FONT-WEIGHT: normal">The Company’s registered office is located at 1100 Melville Street, Suite 610, Vancouver, British Columbia, V6E 4A6, Canada.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(a) Statement of compliance</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards, as issued by the International Accounting Standards Board (“IASB”), referred to as “IFRS”.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">These consolidated financial statements were approved by the Board of Directors of the Company on February 20, 2018.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(b) Basis of preparation</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The consolidated financial statements have been prepared on the historical cost basis except for those assets and liabilities that are measured at fair values at the end of each reporting period. Additionally, these consolidated financial statements have been prepared using the accrual basis of accounting, except for cash flow information.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(d) Business combinations and asset acquisitions</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">A business combination is an acquisition of assets and liabilities that constitute a business. A business is an integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing a return to the company and its shareholders in the form of improved earnings, lower costs or other economic benefits.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Business combinations are accounted for using the acquisition method whereby identifiable assets acquired and liabilities assumed, including contingent liabilities, are recorded at 100% of their acquisition-date fair values. The acquisition date is the date the Company obtains control over the acquiree, which is generally the date that consideration is transferred and the Company acquires the assets and assumes the liabilities of the acquiree. The Company considers all relevant facts and circumstances in determining the acquisition date.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Company, the liabilities, including contingent consideration, incurred and payable by the Company to former owners of the acquiree and the equity interests issued by the Company. The measurement date for equity interests issued by the Company is the acquisition date.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Acquisition-related costs, other than costs to issue debt or equity securities, of the Company, including investment banking fees, legal fees, accounting fees, valuation fees, and other professional or consulting fees are expensed as incurred. The costs to issue equity securities of the Company as consideration for the acquisition are reduced from share capital as share issue costs.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company accounts for the purchase of assets and assumption of liabilities as an acquisition of net assets when the transactions do not qualify as a business combination under IFRS 3, <i>Business Combinations,</i> as the significant inputs and processes that constitute a business are not identified. The purchase consideration is allocated to the fair value of the assets acquired and liabilities assumed based on management’s best estimates and available information at the time of the acquisition. Acquisition-related costs, other than costs to issue debt or equity securities, of the Company, including investment banking fees, legal fees, accounting fees, valuation fees, and other professional or consulting fees are capitalized as part of the asset acquisition.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(e) Cash and cash equivalents</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company considers all highly liquid investments with original maturities of three months or less at the date of acquisition to be cash equivalents. These highly liquid investments only comprise short-term Canadian and United States government treasury bills and other evidences of indebtedness and treasury bills of the Canadian provinces with a minimum credit rating of R-1 mid from the Dominion Bond Rating Service or an equivalent rating from Standard & Poor’s and Moody’s. In addition, the Company invests in bankers’ acceptances and other evidences of indebtedness of certain financial institutions, including Canadian banks.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(f) Inventories</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Finished goods, work-in-process, heap leach ore and stockpiled ore are valued at the lower of weighted average production cost or net realizable value. Production costs include the cost of raw materials, direct labour, mine-site overhead expenses and depreciation and depletion of mining interests. Net realizable value is calculated as the estimated price at the time of sale based on prevailing and long-term metal prices less estimated future production costs to convert the inventories into saleable form. At operations where ore extracted contains significant amount of metals other than gold, primarily copper or silver, cost is allocated between the joint products on a pro rata basis.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The recovery of gold and silver from certain ores is achieved through the heap leaching process. Under this method, ore is placed on leach pads where it is treated with a chemical solution which dissolves the gold contained in ore. The resulting “pregnant” solution is further processed in a plant where the gold is recovered. For accounting purposes, costs are added to ore on leach pads for current mining and leaching costs, including applicable depreciation, depletion and amortization relating to mining interests. Costs are removed from ore on leach pads as ounces of gold and silver are recovered based on the average cost per recoverable ounce on the leach pad.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Estimates of recoverable gold and silver on the leach pads are calculated from the quantities of ore placed on the leach pads (measured tonnes added to the leach pads), the grade of ore placed on the leach pads (based on assay data), and a recovery percentage (based on ore type). Although the quantities of recoverable gold and silver placed on each leach pad are reconciled by comparing the grades of ore placed on the leach pad to the quantities actually recovered, the nature of the leaching process inherently limits the ability to precisely monitor inventory levels. The recovery of gold and silver from the leach pad is not known until the leaching process has concluded. In the event that the Company determines, based on engineering estimates, that a quantity of gold or other metal (silver) contained in ore on leach pads is to be recovered over a period exceeding 12 months, that portion is classified as long-term.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Work-in-process inventory represents materials that are currently in the process of being converted into finished goods. The average production cost of finished goods represents the average cost of work-in-process inventories incurred prior to the refining process, plus applicable refining, selling, shipping costs and associated royalties.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Supplies are valued at the lower of weighted average cost and net realizable value.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(h) Impairment of long-lived assets</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company reviews and evaluates its mining interests for indicators of impairment at the end of each reporting period. Impairment assessments are conducted at the level of cash-generating units (“CGU”). A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. Each operating mine and development project represents a separate CGU as each mine site or development project has the ability or the potential to generate cash inflows that are separately identifiable and independent of each other. If an indication of impairment exists, the recoverable amount of the CGU is estimated. An impairment loss is recognized when the carrying amount of the CGU is in excess of its recoverable amount.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The recoverable amount of a mine site is the greater of its fair value less costs to dispose and value in use. In determining the recoverable amounts of the Company’s mine sites, the Company uses the fair value less costs to dispose as this will generally be greater than or equal to the value in use. When there is no binding sales agreement, fair value less costs to dispose is estimated as the discounted future after-tax cash flows expected to be derived from a mine site, less an amount for costs to dispose estimated based on similar past transactions. The inputs used in the fair value measurement constitute Level 3 inputs under the fair value hierarchy. When discounting estimated future cash flows, the Company uses an after-tax discount rate that would approximate what market participants would assign. Estimated cash flows are based on expected future production, metal selling prices, operating costs and capital costs. If the recoverable amount of a mine site is estimated to be less than its carrying amount, the carrying amount is reduced to its recoverable amount. The carrying amount of each mine site includes the carrying amounts of mining properties, plant and equipment, and certain deferred tax balances. Impairment losses are recognized as expenses in the period they are incurred. The allocation of an impairment loss, if any, for a particular mine site to its mining properties and plant and equipment is based on the relative book values of these assets at the date of impairment.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company assesses at the end of each reporting period whether there is any indication that an impairment loss recognized in prior periods for a long-lived asset may no longer exist or may have decreased. If any such indication exists, the Company estimates the recoverable amount of that CGU. A reversal of an impairment loss is recognized up to the lesser of the recoverable amount or the carrying amount that would have been determined (net of amortization or depreciation) had no impairment loss been recognized for the CGU in prior years. Reversals of impairment losses are recognized in net earnings in the period the reversals occur.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(i) Reclamation and closure cost obligations</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company’s mining and exploration activities are subject to various governmental laws and regulations relating to the protection of the environment. The Company has made, and intends to make in the future, expenditures to comply with such laws and regulations. The Company has recorded a liability and corresponding asset for the estimated future cost of reclamation and closure, including site rehabilitation and long-term treatment and monitoring costs These costs represent management’s best estimates which incorporate assumptions on the effects of inflation, movements in foreign exchange rates and the effects of country and other specific risks associated with the related liabilities. The costs are discounted to net present value using the risk free rate applicable to the future cash outflows. Such estimates are, however, subject to change based on negotiations with regulatory authorities, changes in laws and regulations or changes to market inputs to the decommissioning model.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The present value of estimated costs is recorded in the period in which the asset is installed or the environment is disturbed and a reasonable estimate of future costs and discount rates can be made. The provision is discounted using a risk-free rate and estimates of future cash flows are adjusted to reflect risk.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">After the initial measurement, the obligation is adjusted to reflect the passage of time and changes in the estimated future cash flows underlying the obligation. The increase in the provision due to the passage of time is recognized in finance costs, whereas increases and decreases due to changes in the estimated future cash flows are included in inventory or capitalized and depreciated over the life of the related asset unless the amount deducted from the cost exceeds the carrying value of the asset, in which case the excess is recorded in net earnings. Actual costs incurred upon settlement of the site restoration obligation are charged against the provision to the extent the provision was established for those costs. Upon settlement of the liability, a gain or loss may be recorded in net earnings.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(j) Income taxes</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The income tax expense or benefit for the period consists of two components: current and deferred.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Current Tax</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The tax currently payable is based on taxable earnings for the year. Taxable earnings differ from earnings before taxes due to items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. Current tax is calculated using tax rates and laws that were enacted or substantively enacted at the Statement of Financial Position date in each of the jurisdictions and includes any adjustments for taxes payable or recovery in respect of prior periods.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Deferred Tax</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Deferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities in the consolidated statement of financial position and the corresponding tax bases used in the computation of taxable net earnings. Deferred tax is calculated based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates that are expected to apply in the year of realization or settlement based on tax rates and laws enacted or substantively enacted at the Statement of Financial Position date.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Deferred tax liabilities are generally recorded for all taxable temporary differences. Deferred tax liabilities are recognized for taxable temporary differences arising on investments in Subsidiaries and Associates except where the reversal of the temporary difference can be controlled and it is probable that the difference will not reverse in the foreseeable future.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Deferred tax assets are generally recognized for all deductible temporary differences to the extent that it is probable that taxable earnings will be available against which those deductible temporary differences can be utilized. The carrying amount of the deferred tax assets are reviewed at each Statement of Financial Position date and are reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the asset to be recovered.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Deferred tax assets and liabilities are not recognized if the temporary difference arises from goodwill or from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company records foreign exchange gains and losses representing the impacts of movements in foreign exchange rates on the tax bases of non-monetary assets and liabilities which are denominated in foreign currencies. Foreign exchange gains and losses relating to deferred income taxes are included within foreign exchange gains in the consolidated income statement.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Current and deferred tax for the year</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Current and deferred tax are recognized in net earnings except when they arise as a result of items recognized in other comprehensive income or directly in equity in the current or prior periods, in which case the related current and deferred income taxes are also recognized in other comprehensive income or directly in equity, respectively.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Government assistance and tax credits</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Any federal or provincial tax credits received by the Company, with respect to exploration or development work conducted on any of its properties, are credited as a reduction to the carrying costs of the property to which the credits related. The Company records these tax credits when there is reasonable assurance with regard to collections and assessments as well as reasonable assurance that the Company will comply with the conditions associated to them and that the grants will be received.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(k) Foreign currency translation</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The individual financial statements of each Subsidiary are presented in the currency of the primary economic environment in which that entity operates (its functional currency). The functional currency of the Company and the presentation currency of the consolidated financial statements is the United States dollar (“U.S. dollar”).</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Management determines the functional currency by examining the primary economic environment of each operating mine, development and exploration project. The Company considers the following factors in determining its functional currency:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman,serif" align="justify"> </div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The main influences of sales prices for goods and the country whose competitive forces and regulations mainly determine the sales price;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The currency that mainly influences labour, material and other costs of providing goods;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The currency in which funds from financing activities are generated; and</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The currency in which receipts from operating activities are usually retained.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">When preparing the consolidated financial statements of the Company, the Company translates non-U.S. dollar balances into U.S. dollars as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman,serif" align="justify"> </div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Mining interest and equity method investments using historical exchange rates;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Financial instruments measured at fair value through profit or loss using the closing exchange rate as at the Statement of Financial Position date with translation gains and losses recorded in net earnings;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Deferred tax assets and liabilities using the closing exchange rate as at the Statement of Financial Position date with translation gains and losses recorded in net earnings;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Other assets and liabilities using the closing exchange rate as at the Statement of Financial Position date with translation gains and losses recorded in net earnings; and</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Income and expenses using the average exchange rate for the period, except for expenses that relate to non-monetary assets and liabilities measured at historical rates, which are translated using the same historical rate as the associated non-monetary assets and liabilities.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(l) Earnings (loss) per share</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Earnings (loss) per share calculations are based on the weighted average number of common shares and common share equivalents issued and outstanding during the year. Diluted earnings per share are calculated using the treasury stock method. This requires the calculation of diluted earnings per share by assuming that outstanding stock options and share purchase warrants (“Warrants”) with an average market price that exceeds the average exercise prices of the options and warrants for the year, are exercised and the assumed proceeds are used to repurchase shares of the Company at the average market price of the common share for the year.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(m) Revenue recognition</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Revenue from the sale of metals and metals in concentrate is recognized when all the following conditions are satisfied:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman,serif" align="justify">  </div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The Company has transferred to the buyer the significant risks and rewards of ownership;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The amount of revenue can be measured reliably;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">It is probable that the economic benefits associated with the transaction will flow to the entity; and</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The costs incurred or to be incurred in respect of the transaction can be measured reliably.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Revenue from the sale of metals in concentrate may be subject to adjustment upon final settlement of estimated metal prices, weights and assays. Revenue is recognized based on the estimated fair value of the total consideration receivable. Adjustments to revenue for metal prices and other adjustments are recorded at each period end and on final settlement. Refining and treatment charges are netted against revenue for sales of metal concentrate.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(n) Share-based payments</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company maintains a Restricted Share Unit (“RSU”) plan, a Performance Share Unit (“PSU”) plan and a stock option plan for employees as well as a Deferred Share Unit (“DSU”) plan for directors.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Cash-settled transactions which include RSUs, DSUs and the cash settled portion of the PSUs, are initially measured at fair value and recognized as an obligation at the grant date. The liabilities are re-measured to fair value at each reporting date up to and including the settlement date, with changes in fair value recognized in net earnings or capitalized to the Company’s development projects as appropriate. The fair value of RSUs and PSUs determined at the grant date is recognized over the vesting period in accordance with the vesting terms and conditions. The Company values the liabilities based on the Company’s share price and in addition for PSUs, the correlation between the Company’s total return performance relative to the S&P/TSX Global Gold Index Total Return Index Value. The non-current portion of RSU, DSU and PSU liabilities are included in provisions on the consolidated statement of financial position.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Equity-settled transactions which include the equity settled portion of the PSUs and the stock option plan are measured by reference to the fair value of the awards that are expected to vest at the grant date. Fair value for stock options is determined using a Black-Scholes option-pricing model, which relies on estimates of the future risk-free interest rate, future dividend payments, future share price volatility and the expected average life of the options. Fair value for the equity settled portion of the PSUs is determined using a Monte Carlo options pricing model, which relies on estimates of the future risk-free interest rate, future dividend payments, future share price volatility and the correlation between the Company’s total return performance relative to the S&P/TSX Global Gold Index Total Return Index Value. The Company believes these models adequately capture the substantive features of the option awards and PSUs, and are appropriate to calculate their fair values. The fair value determined at grant date is recognized over the vesting period in accordance with vesting terms and conditions, with a corresponding increase to contributed surplus. Changes to the estimated number of awards that will eventually vest are accounted for prospectively.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(q) Derivative instruments, including hedge accounting</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Derivative instruments, including embedded derivatives, are recorded at fair value on initial recognition and at each subsequent reporting period. Any gains or losses arising from changes in fair value on derivatives that do not qualify for hedge accounting are recorded in net earnings.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Hedge accounting</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Gains and losses for the effective portion of hedging instruments are included in other comprehensive income. Gains and losses for any ineffective portion of hedging instruments are included in net earnings. Amounts previously recognized in other comprehensive income and accumulated in equity are reclassified to net earnings or mineral interest, as appropriate in the period when the hedged item is recognized in net earnings in the same line of the consolidated income statement.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company previously held diesel fuel swap contracts and Canadian dollars and designated this cash to fund the construction of Rainy River. The Company has designated these instruments as a cash-flow hedge under IFRS 9. The impact of applying hedge accounting is disclosed in Note 14.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Gold Stream Obligation</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company has a gold stream agreement with RGLD Gold AG, a wholly owned subsidiary of Royal Gold Inc. (“Royal Gold”). For accounting purposes, the Company has determined that the gold stream obligation represents a financing contract with embedded derivatives. The value of the embedded derivatives changes in response to changes in metal prices and in the number of ounces expected to be delivered. As the gold stream obligation has embedded derivatives that would otherwise need to be accounted for separately at FVTPL, the Company has designated the deposit received from Royal Gold as a financial liability at FVTPL, with initial and subsequent measurement at fair value, as permitted under IFRS 9. Transaction costs directly attributable to the gold stream obligation were expensed through profit and loss.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Fair value of the gold stream obligation on initial recognition was determined by the amount of the cash advance received. Subsequent fair value is calculated on each reporting date with gains and losses recorded in net earnings. Fair value adjustments as a result of the Company’s own credit risk will be recorded in the Consolidated Statement of Comprehensive Loss, as required by IFRS 9 (2013) for financial liabilities designated as at FVTPL. Components of the adjustment to fair value at each reporting date include:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman,serif" align="justify"> </div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Accretion expense due to passage of time</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Change in the risk-free interest rate</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Change in the Company specific credit spread</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Change in any expected ounces to be delivered</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Change in future metal prices</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Provisional pricing</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Certain products are “provisionally priced” whereby the selling price is subject to final adjustment up to 150 days after delivery to the customer. The final price is based on the market price at the relevant quotation point stipulated in the contract. As is customary in the industry, revenue on provisionally priced sales is recognized based on estimates of the fair value of the consideration receivable based on relevant forward market prices. At each reporting date, provisionally priced metal is marked to market based on the forward selling price for the quotational period stipulated in the contract. For this purpose, the selling price can be measured reliably for those products, such as gold and copper, for which there exists active and freely traded commodity markets. The marking to market of provisionally priced sales contracts is recorded as an adjustment to revenue.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Gold and copper price option contracts </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In order to increase cash flow certainty, the Company holds copper price option contracts and previously held gold price option contracts, purchasing put options and selling call options. These are treated as derivative financial instruments and marked to market at each reporting period on the consolidated statement of financial position with changes in fair value recognized in other gains and losses. Realized gains and losses as a result of the exercise of the Company’s call and put options up to an amount not exceeding the Company’s production of gold ounces or copper pounds for the reporting period are recorded as an adjustment to revenue. The exercise of options on gold ounces or copper pounds in excess of the Company’s production for the reporting period are recorded as other gains and losses.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Gold and copper swaps</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In order to mitigate a portion of the metal price exposure associated with the time lag between the provisional and final determination of concentrate sales, the Company has entered into cash settled derivative gold and copper contracts to swap future contracted monthly average metal prices for fixed metal prices. At each reporting date, these gold and copper swap agreements are marked to market based on corresponding forward gold and copper prices. The marking to market of gold and copper swap agreements is recorded as an adjustment to revenue.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Copper forward contracts </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company previously held copper swap contracts at a fixed price, settling against the London Metals Exchange (“LME”) monthly average price. These are treated as derivative financial instruments and marked to market at each reporting period on the consolidated statement of financial position with changes in fair value recognized in other gains and losses. Realized gains and losses as a result of the exercise of the Company’s copper forward contracts up to an amount not exceeding the Company’s production of copper pounds for the reporting period are recorded as an adjustment to revenue. Gains and losses in excess of the Company’s copper production for the reporting period are recorded as other gains and losses.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Share purchase warrants</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company’s warrants with Canadian dollar exercise prices are classified as derivative liabilities and accordingly, they are recorded at fair value at each reporting period, with the gains or losses recorded in net earnings for the period. In the second quarter of 2017, the Company’s warrants expired, unexercised.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(r) Trade and other receivables</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Trade and other receivables are carried at amortized cost less impairment. Trade and other receivables are impaired if they are determined to be uncollectible.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(s) Leases</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Leases are classified as finance leases when the terms of the lease transfer substantially all the risks and rewards incidental to ownership of the leased asset to the lessee. All other leases are classified as operating leases.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Operating lease payments are recognized as an expense on a straight-line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
521800000
150000000
600000
948100000
0
0
1620500000
22900000
0
0
500000
537500000
1100000
225700000
83500000
0
633600000
14600000
3500000
15100000
2700000
0
39200000
0
0
785500000
236200000
600000
1621400000
552100000
4600000
574400000
170300000
58600000
2000000
0
0
0
0
805300000
20000000
0
9800000
0
531000000
524300000
32000000
1100000
247100000
98200000
52500000
0
109600000
15200000
0
3800000
5200000
3100000
300000
0
732800000
0
0
0
846700000
271600000
121200000
2000000
1373400000
539500000
32000000
4900000
51300000
49400000
0.0544
0.0670
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">9. Inventories</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 74%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 7pt"> <i>(in millions of U.S. dollars)</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right"><b>2016</b></div> <div style="CLEAR:both;MARGIN: 0px; FONT: 8pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right"><b>(Note 5)</b></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Inventories</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Heap leach ore<sup style="font-style:normal">(4)</sup></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 163.1</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  185.9</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Work-in-process<sup style="font-style:normal">(3)</sup></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 18.5</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  8.7</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Finished goods<sup style="font-style:normal">(1)(3)</sup></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 16.1</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  11.5</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Stockpile ore<sup style="font-style:normal">(3)</sup></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 23.8</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  6.7</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Supplies<sup style="font-style:normal">(3)</sup></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 50.4</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  40.9</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 271.9</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  253.7</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Less: non-current inventories<sup style="font-style:normal">(2)</sup></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (78.7)</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  (103.3)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Total current inventories</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 193.2</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  150.4</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The amount of inventories recognized in operating expenses for the year ended December 31, 2017 was $302.8 million (2016 - $259.1 million).</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 17.85pt"> <div style="CLEAR:both;CLEAR: both">2.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Non-current inventories, which include heap leach inventories at Mesquite and low-grade stockpiled inventories at Rainy River, of $78.7 million (December 31, 2016 – $103.3 million) are expected to be recovered after one year.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 17.85pt"> <div style="CLEAR:both;CLEAR: both">3.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Rainy River achieved commercial production on November 1, 2017, resulting in Rainy River recognizing inventories as at December 31, 2017.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">4.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">During the year ended December 31, 2016 the Company wrote down $26.6 million of inventory at Cerro San Pedro of which $24.0 million was included in operating expenses and $2.6 million was included in depreciation and depletion.</div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify"></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 74%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 7pt"> <i>(in millions of U.S. dollars)</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2017</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;MARGIN: 0px; FONT: 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right"><b>2016</b></div> <div style="CLEAR:both;MARGIN: 0px; FONT: 8pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right"><b>(Note 5)</b></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Inventories</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Heap leach ore<sup style="font-style:normal">(4)</sup></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 163.1</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  185.9</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Work-in-process<sup style="font-style:normal">(3)</sup></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 18.5</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  8.7</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Finished goods<sup style="font-style:normal">(1)(3)</sup></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 16.1</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  11.5</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Stockpile ore<sup style="font-style:normal">(3)</sup></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 23.8</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  6.7</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Supplies<sup style="font-style:normal">(3)</sup></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 50.4</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  40.9</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 271.9</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  253.7</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Less: non-current inventories<sup style="font-style:normal">(2)</sup></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (78.7)</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  (103.3)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Total current inventories</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 193.2</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  150.4</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The amount of inventories recognized in operating expenses for the year ended December 31, 2017 was $302.8 million (2016 - $259.1 million).</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 17.85pt"> <div style="CLEAR:both;CLEAR: both">2.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Non-current inventories, which include heap leach inventories at Mesquite and low-grade stockpiled inventories at Rainy River, of $78.7 million (December 31, 2016 – $103.3 million) are expected to be recovered after one year.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 17.85pt"> <div style="CLEAR:both;CLEAR: both">3.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Rainy River achieved commercial production on November 1, 2017, resulting in Rainy River recognizing inventories as at December 31, 2017.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">4.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">During the year ended December 31, 2016 the Company wrote down $26.6 million of inventory at Cerro San Pedro of which $24.0 million was included in operating expenses and $2.6 million was included in depreciation and depletion.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
253700000
271900000
302800000
259100000
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">12. Long-term debt</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Long-term debt consists of the following:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="3"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff"> December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div>(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>2016</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Long-term debt</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Senior unsecured notes - due April 15, 2020 (b)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> - </b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 296.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Senior unsecured notes - due November 15, 2022 (a)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 494.3</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 493.4</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Senior unsecured notes - due November 15, 2025 (b)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 283.4</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Credit Facility (c)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 230.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 100.0</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div>Total long-term debt</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><b> 1,007.7</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> 889.5</div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(a) Senior Unsecured Notes – due November 15, 2022</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="LETTER-SPACING: -0.1pt">In 2012, the Company issued $500.0 million of senior unsecured notes (“2022 Unsecured Notes”). As at December 31, 2017, the face value was $500.0 million.</font> The 2022 Unsecured Notes are denominated in U.S. dollars, mature and become due and payable on November 15, 2022, and bear interest at the rate of 6.25% per annum. Interest is payable in arrears in equal semi-annual instalments on May 15 and November 15 of each year.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company incurred transaction costs of $9.9 million which have been offset against the carrying amount of the 2022 Unsecured Notes and are being amortized to net earnings using the effective interest method.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The 2022 Unsecured Notes are subject to a minimum interest coverage incurrence covenant of earnings before interest, taxes, depreciation, amortization, impairment, and other non-cash adjustments to interest of 2:1. The test is applied on a pro-forma basis prior to the Company incurring additional debt, entering into business combinations or acquiring significant assets, or certain other corporate actions. There are no maintenance covenants.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The 2022 Unsecured Notes are redeemable by the Company in whole or in part:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman,serif" align="justify"> </div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"></td> <td style="WIDTH: 0.25in"> <div><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>During the 12-month period beginning on November 15 of the years indicated at the redemption prices below, expressed as a percentage of the principal amount of the 2022 Unsecured Notes to be redeemed, plus accrued and unpaid interest, if any, to the redemption date:</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 74%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Date</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 26%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Redemption</font> <font color="#f0ffff">prices (%)</font></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2017</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>103.13%</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2018</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>102.08%</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2019</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>101.04%</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2020 and thereafter</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>100.00%</b></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(b) Senior Unsecured Notes – due May 15, 2025 and Senior Unsecured Notes – due April 15, 2020</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="LETTER-SPACING: -0.1pt">On May 18, 2017, the Company issued $300.0 million of senior unsecured notes (“2025 Unsecured Notes”) for net cash proceeds of $294.6 million after transaction costs. The proceeds were used to redeem and purchase for cancellation the $300.0 million principal amount of the previously outstanding senior unsecured notes (“2020 Unsecured Notes”) for which the Company was required to pay a redemption premium of $5.3 million. As a result, total costs paid relating to this refinancing were $10.7 million. Additionally, the Company was required to pay $2.8 million of accrued interest on the 2020 Unsecured Notes on redemption and cancellation.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="left"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="LETTER-SPACING: -0.1pt">This refinancing transaction did not meet the criteria associated with an extinguishment under IFRS 9 as the discounted present value of the cash flows of the 2025 Unsecured Notes was less than 10% different from the present value of the remaining cash flows of the 2020 Unsecured Notes. As a result, the Company recognized a gain on the modification of its financial liability. Transaction costs relating to the 2025 Unsecured Notes have been offset against the carrying amount and are being amortized to net earnings using the effective interest method.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0pt 0px 0pt 0.2pt; FONT: 10pt Times New Roman,serif" align="justify"><font style="LETTER-SPACING: -0.1pt">  </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0pt 0px 0pt 0.2pt; FONT: 10pt Calibri,sans-serif" align="justify"><font style="LETTER-SPACING: -0.1pt">The 2025 Unsecured Notes bear interest at the rate of 6.375% per annum. Interest is payable in arrears in equal semi-annual instalments on May 15 and November 15 of each year.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0pt 0px 0pt 0.2pt; FONT: 10pt Calibri,sans-serif" align="justify"><font style="LETTER-SPACING: -0.1pt">  </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0pt 0px 0pt 0.2pt; FONT: 10pt Calibri,sans-serif" align="justify"><font style="LETTER-SPACING: -0.1pt">The 2025 Unsecured Notes are subject to a minimum interest coverage incurrence covenant of earnings before interest, taxes, depreciation, amortization, impairment, and other non-cash adjustments to interest of 2:1. The test is applied on a pro-forma basis prior to the Company incurring additional debt, entering into business combinations or acquiring significant assets, or certain other corporate actions. There are no maintenance covenants.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0pt 0px 0pt 0.2pt; FONT: 10pt Calibri,sans-serif" align="justify"><font style="LETTER-SPACING: -0.1pt">  </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0pt 0px 0pt 0.2pt; FONT: 10pt Calibri,sans-serif" align="justify"><font style="LETTER-SPACING: -0.1pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The 2025 Unsecured Notes are redeemable by the Company in whole or in part:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman,serif" align="justify"> </div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"></td> <td style="WIDTH: 0.25in"> <div><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div>At any time prior to May 15, 2020 at a redemption price of 100% of the aggregate principal amount of the 2025 Unsecured Notes, plus a make-whole premium (consisting of future interest that would have been paid up to the first call date of May 15, 2020), plus accrued and unpaid interest, if any, to the redemption date.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman,serif" align="justify"> </div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"></td> <td style="WIDTH: 0.25in"> <div><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>During the 12-month period beginning on May 15 of the years indicated at the redemption prices below, expressed as a percentage of the principal amount of the 2025 Unsecured Notes to be redeemed, plus accrued and unpaid interest, if any, to the redemption date:</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 73%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">D</font><font color="#f0ffff">ate</font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 27%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Redemption</font> <font color="#f0ffff">prices (%)</font></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2020</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>104.78%</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2021</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>103.19%</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2022</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>101.59%</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2023 and thereafter</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>100.00%</b></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(c) Credit Facility</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company holds a $400.0 million revolving credit facility (the “Credit Facility”) with a maturity date of August 2020.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Net debt is used to calculate leverage for the purpose of covenant tests and pricing levels. The Credit Facility contains various covenants customary for a loan facility of this nature, including limits on indebtedness, asset sales and liens. The Credit Facility contains two covenant tests, the minimum interest coverage ratio, earnings before interest, taxes, depreciation, amortization, exploration, impairment, and other non-cash adjustments (“Adjusted EBITDA”) to interest and the maximum leverage ratio (net debt to Adjusted EBITDA), both of which are measured on a rolling four-quarter basis at the end of every quarter.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In June 2017, the Company amended the Credit Facility’s net debt to Adjusted EBITDA ("Leverage Ratio") covenant, to increase the maximum Leverage Ratio to 4.0 to 1.0 from January 1, 2018 to March 31, 2018 (previously 3.5 to 1.0). Following that period, the maximum leverage ratio will be 3.5 : 1.0. As at December 31, 2017, the maximum Leverage Ratio is 4.0 : 1.0.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Significant financial covenants are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt">               </font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff"> Twelve</font> <font color="#f0ffff">months ended</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">December</font> <font color="#f0ffff"> 31</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff"> Twelve</font> <font color="#f0ffff">months ended</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">December</font> <font color="#f0ffff"> 31</font></font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 50%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="COLOR: #005b94"><b>Financial covenant</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="COLOR: #005b94"><b>  2017 </b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="COLOR: #005b94"><b>2016</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Financial covenants</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Minimum interest coverage ratio (Adjusted EBITDA to interest)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">>3.0 : 1</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"><b> 4.7 : 1</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">5.7 : 1</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Maximum leverage ratio (net debt to Adjusted EBITDA)</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"><4.0 : 1</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"><b> 3.1 : 1</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">2.6 : 1</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The interest margin on drawings under the Credit Facility ranges from 1.00% to 3.25% over LIBOR, the Prime Rate or the Base Rate, based on the Company’s net debt to Adjusted EBITDA ratio and the currency and type of credit selected by the Company. Based on the Company’s net debt to Adjusted EBITDA ratio, the rate is 3.25% over LIBOR as at December 31, 2017 (December 31, 2016 – 3.25%). The standby fees on undrawn amounts under the Credit Facility range from 0.45% to 0.73%, depending on the Company’s net debt to Adjusted EBITDA ratio. Based on the Company’s net debt to adjusted EBITDA ratio, the rate is 0.73% as at December 31, 2017 (December 31, 2016 – 0.73%).</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">As at December 31, 2017, the Company has drawn $230 million under the Credit Facility and the Credit Facility has been used to issue letters of credit of $138.8 million as at December 31, 2017 (December 31, 2016 - $122.1 million). Of the issued letters of credit, $16.6 million relate to Peak Mines. Letters of credit relate to reclamation bonds, worker’s compensation security and other financial assurances required with various government agencies.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following is a summary of the changes in liabilities arising from financing activities for the year ended December 31, 2017:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="8"> <div> </div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 22%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 9pt">As at</font><br/> <font style="FONT-SIZE: 9pt">December</font><br/> <font style="FONT-SIZE: 9pt">31, 2016</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 9pt">Borrowings</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 9pt">Repayments</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 9pt">Fair Value</font><br/> <font style="FONT-SIZE: 9pt">changes</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 9pt">Interest &</font><br/> <font style="FONT-SIZE: 9pt">Accretion</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 9pt">Foreign</font><br/> <font style="FONT-SIZE: 9pt">Exchange</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 9pt">As at</font><br/> <font style="FONT-SIZE: 9pt">December</font><br/> <font style="FONT-SIZE: 9pt">31, 2017</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Liabilities arising from financing actvities</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Long-term debt</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 889.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 424.6</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (305.3)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (3.3)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 2.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -   </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 1,007.7</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Interest payable<sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 8.6</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (59.8)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> - </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 58.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -   </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 6.9</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Gold stream obligation</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 246.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (2.4)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 29.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -   </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 273.5</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div>Total</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> 1,144.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> 424.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> (367.5)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> 26.1</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> 60.3</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> -   </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><b> 1,288.1</b></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0in"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>For the purposes of this reconciliation, interest paid for the year ended December 31, 2017 excludes $3.9 million in standby fees on the Credit Facility and fees on the Company’s issued letters of credit.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">8. Trade and other payables</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="5"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff"> December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 74%; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 7pt"><i>(in millions of U.S. dollars)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"> <b>2017</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"> <b>2016</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Trade and other payables</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Trade payables</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 60.9</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> 32.0</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Interest payable</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 6.9</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> 8.6</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Accruals</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 79.2</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> 126.4</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="3"> <div><font style="FONT-SIZE: 9pt">Current portion of reclamation and closure cost obligations  (Note 18)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 2.6</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> 0.9</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Current portion of gold stream obligation (Note 13)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 24.5</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Derivative liabilities (Note  14)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 4.1</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> 1.3</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt">Total trade and other payables</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"> <b>178.2</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"> 169.2</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify"></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="5"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff"> December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 74%; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 7pt"><i>(in millions of U.S. dollars)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"> <b>2017</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"> <b>2016</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Trade and other payables</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Trade payables</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 60.9</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> 32.0</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Interest payable</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 6.9</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> 8.6</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Accruals</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 79.2</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> 126.4</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="3"> <div><font style="FONT-SIZE: 9pt">Current portion of reclamation and closure cost obligations  (Note 18)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 2.6</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> 0.9</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Current portion of gold stream obligation (Note 13)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 24.5</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Derivative liabilities (Note  14)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 4.1</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> 1.3</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt">Total trade and other payables</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"> <b>178.2</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"> 169.2</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Significant financial covenants are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt">               </font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff"> Twelve</font> <font color="#f0ffff">months ended</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">December</font> <font color="#f0ffff"> 31</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff"> Twelve</font> <font color="#f0ffff">months ended</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">December</font> <font color="#f0ffff"> 31</font></font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 50%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="COLOR: #005b94"><b>Financial covenant</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="COLOR: #005b94"><b>  2017 </b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 18%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="COLOR: #005b94"><b>2016</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Financial covenants</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Minimum interest coverage ratio (Adjusted EBITDA to interest)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">>3.0 : 1</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"><b> 4.7 : 1</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">5.7 : 1</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Maximum leverage ratio (net debt to Adjusted EBITDA)</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"><4.0 : 1</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"><b> 3.1 : 1</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">2.6 : 1</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Long-term debt consists of the following:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="3"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff"> December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div>(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>2016</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Long-term debt</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Senior unsecured notes - due April 15, 2020 (b)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> - </b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 296.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Senior unsecured notes - due November 15, 2022 (a)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 494.3</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 493.4</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Senior unsecured notes - due November 15, 2025 (b)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 283.4</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Credit Facility (c)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 230.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 100.0</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div>Total long-term debt</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><b> 1,007.7</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> 889.5</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">7. Trade and other receivables</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="5"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff"> December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 74%; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 7pt"><i>(in millions of U.S. dollars)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"> <b>2017</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"> <b>2016</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Trade and other receivables</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Trade receivables</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 3.8</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> 27.4</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Sales tax receivable</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 22.7</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> 11.8</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="3"> <div><font style="FONT-SIZE: 9pt">Unsettled provisionally priced concentrate derivatives and copper swap contracts (Note 14)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> (1.9)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> (4.5)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Other</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 2.5</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> 2.4</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt">Total trade and other receivables</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b> 27.1</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"> 37.1</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify"></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="5"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff"> December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 74%; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 7pt"><i>(in millions of U.S. dollars)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"> <b>2017</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #005b94; FONT-SIZE: 10pt"> <b>2016</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Trade and other receivables</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Trade receivables</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 3.8</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> 27.4</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Sales tax receivable</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 22.7</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> 11.8</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="3"> <div><font style="FONT-SIZE: 9pt">Unsettled provisionally priced concentrate derivatives and copper swap contracts (Note 14)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> (1.9)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> (4.5)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt">Other</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"><b> 2.5</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="FONT-SIZE: 9pt"> 2.4</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt">Total trade and other receivables</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b> 27.1</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"> 37.1</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">6. Expenses</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(a) Operating expenses by nature</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year</font> <font color="#f0ffff">ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 74%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 7pt"> <i>(in millions of U.S. dollars)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>  2017  </b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2016</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Operating expenses by nature</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Raw materials and consumables</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 143.0</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 127.6</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Salaries and employee benefits</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 93.3</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 84.9</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Contractors</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 43.6</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 35.0</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Repairs and maintenance</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 23.9</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 21.1</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> General and administrative</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 20.2</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 14.8</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Operating leases</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 2.9</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 7.7</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Royalties</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 8.4</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 6.3</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Drilling and analytical</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.3</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 1.3</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Other</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 3.3</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 4.3</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Total production expenses</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 339.9</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 303.0</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Less: Production expenses capitalized</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (23.0)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> (39.7)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Less: Change in inventories and work-in-progress</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 4.1</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 12.2</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Total operating expenses</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 321.0</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 275.5</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0px; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(b) Finance costs and income</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 74%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 7pt"> <i>(in millions of U.S. dollars)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2017</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2016</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Finance costs</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Interest on senior unsecured notes</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 54.4</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 54.0</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Interest on Credit Facility</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 5.9</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 0.6</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Accretion expense on decommissioning obligations (Note 18)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.3</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 1.4</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Gain on modification of long-term debt (Note 12)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (3.3)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Other finance costs</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 6.2</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 3.3</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>64.5</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 59.3</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Less: amounts included in cost of qualifying assets</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (51.3)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> (49.4)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Total finance costs</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 13.2</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 9.9</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Finance income</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Interest income</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.1</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 1.4</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(c) Other gains (losses)</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> Year ended</font> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">December 31</font></font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 74%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 7pt"> <i>(in millions of U.S. dollars)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2017</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2016</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Other GAINS (losses)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Unrealized gain on share purchase warrants</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.2</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 0.2</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Gain on foreign exchange</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 43.8</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 12.0</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Gain on disposal of El Morro stream</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 33.0</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Other gain on disposal of assets</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 0.3</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 0.1</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> (Loss) gain on revaluation of investments</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (0.2)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 0.5</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Unrealized loss on revaluation of gold stream obligation (Note 13)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (21.8)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> (31.1)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Settlement and (loss) gain on revaluation of gold price option contracts</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (13.9)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 10.5</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Loss on revaluation of copper forward contracts and copper price option contracts</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (4.4)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 0.3</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Other</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.2</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> (0.2)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Total other gains (losses)</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 39.2</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> (7.7)</font></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(a) Operating expenses by nature</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year</font> <font color="#f0ffff">ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 74%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 7pt"> <i>(in millions of U.S. dollars)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>  2017  </b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2016</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Operating expenses by nature</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Raw materials and consumables</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 143.0</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 127.6</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Salaries and employee benefits</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 93.3</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 84.9</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Contractors</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 43.6</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 35.0</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Repairs and maintenance</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 23.9</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 21.1</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> General and administrative</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 20.2</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 14.8</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Operating leases</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 2.9</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 7.7</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Royalties</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 8.4</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 6.3</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Drilling and analytical</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.3</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 1.3</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Other</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 3.3</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 4.3</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Total production expenses</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 339.9</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 303.0</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Less: Production expenses capitalized</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (23.0)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> (39.7)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Less: Change in inventories and work-in-progress</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 4.1</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 12.2</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Total operating expenses</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 321.0</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 275.5</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0px; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(b) Finance costs and income</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 74%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 7pt"> <i>(in millions of U.S. dollars)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2017</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2016</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Finance costs</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Interest on senior unsecured notes</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 54.4</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 54.0</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Interest on Credit Facility</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 5.9</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 0.6</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Accretion expense on decommissioning obligations (Note 18)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.3</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 1.4</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Gain on modification of long-term debt (Note 12)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (3.3)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Other finance costs</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 6.2</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 3.3</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>64.5</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 59.3</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Less: amounts included in cost of qualifying assets</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (51.3)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> (49.4)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Total finance costs</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 13.2</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 9.9</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Finance income</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Interest income</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.1</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 1.4</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(c) Other gains (losses)</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> Year ended</font> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">December 31</font></font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 74%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 7pt"> <i>(in millions of U.S. dollars)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2017</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2016</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Other GAINS (losses)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Unrealized gain on share purchase warrants</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.2</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 0.2</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Gain on foreign exchange</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 43.8</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 12.0</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Gain on disposal of El Morro stream</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 33.0</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Other gain on disposal of assets</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 0.3</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 0.1</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> (Loss) gain on revaluation of investments</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (0.2)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 0.5</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Unrealized loss on revaluation of gold stream obligation (Note 13)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (21.8)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> (31.1)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Settlement and (loss) gain on revaluation of gold price option contracts</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (13.9)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 10.5</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Loss on revaluation of copper forward contracts and copper price option contracts</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (4.4)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 0.3</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Other</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.2</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> (0.2)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Total other gains (losses)</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 39.2</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> (7.7)</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
251700000
242900000
64500000
59300000
-21800000
-31100000
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">4. Future changes in accounting policies</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Revenue</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">On May 28, 2014, the IASB issued IFRS 15, Revenue from Contracts with Customers (“IFRS 15”). This standard outlines a single comprehensive model with prescriptive guidance for entities to use in accounting for revenue arising from contracts with its customers. IFRS 15 uses a control-based approach to recognize revenue which is a change from the risk and reward approach under the current standard. This standard replaces IAS 18 Revenue, IAS 11 Construction Contracts and related interpretations. The effective date is for reporting periods beginning on or after January 1, 2018 with early application permitted. The Company will adopt IFRS 15 effective January 1, 2018 applying the retrospective method of transition.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company has evaluated the potential impact of applying IFRS 15, analyzing its sale agreements. The standard requires entities to apportion revenue earned from contracts to individual promises or performance obligations, on a relative standalone selling price basis. For the Company's concentrate sales, the seller may contract for and pay the shipping and insurance costs necessary to bring the goods to the named destination. Therefore, where material, a portion of the revenue earned under these contracts, representing the obligation to fulfill the shipping and insurance services, will be deferred and recognized over time as the obligations are fulfilled, along with the associated costs. Based on the Company’s assessment, the impact of this change on the amount of revenue recognized in a year is not expected to be significant. As a result, the Company does not anticipate any changes in the amounts of the revenue recognized or a significant change in the timing of revenue recognition under the new standard.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Leases</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">On January 6, 2016, the IASB issued IFRS 16, Leases (“IFRS 16”). This standard specifies the methodology to recognize, measure, present and disclose leases. The standard provides a single lessee accounting model, requiring lessees to recognize assets and liabilities for all leases unless the lease term is 12 months or less or the underlying asset has a low value. This standard replaces IAS 17 Leases. The effective date is for reporting periods beginning on or after January 1, 2019 with early adoption permitted. The Company is assessing the effect of adoption of IFRS 16 on its consolidated financial statements.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify"></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="3"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff"> December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div>(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>2016</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> DERIVATIVE ASSETS</b></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Gold price option contracts</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> -</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 17.6</div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Diesel swap contracts</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> -</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 0.1</div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Copper forward contracts</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> -</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 0.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div>Total derivative assets</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><b> -</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div>18.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> DERIVATIVE LIABILITIES</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Share purchase warrants<sup style="font-style:normal">(1)</sup> <font style="COLOR: #4f81bd"><i>  </i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> -</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 1.3</div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif" colspan="2"> <div>Unsettled provisionally priced concentrate derivatives, and swap contracts<sup style="font-style:normal">(2)</sup></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 1.9</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 4.5</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Copper price option contracts<sup style="font-style:normal">(3)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 4.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>-</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Total derivative liabilities</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 6.0</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 5.8</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>On June 28, 2017, New Gold’s share purchase warrants expired, unexercised. As at December 31, 2016, share purchase warrants were included in trade and other payables.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><i>2.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Unsettled provisionally priced concentrate derivatives are included within trade and other receivables in the statement of financial position.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><i>3.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Copper price option contracts are included within trade and other payables in the statement of financial position.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
P12M
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify"></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="3"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="2"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div>(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>2016</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Effective portion of change in fair value of hedging instruments</b></font></div> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif" colspan="3"> <div>Foreign exchange gain on cash and cash equivalents designated as hedging instruments</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>-</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>4.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif" colspan="3"> <div>Reclassification of realized foreign exchange gain on cash and cash equivalents designated as hedging instrument</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>-</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>3.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Unrealized (loss) gain on diesel swap contracts (i)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>(0.4)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>1.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Realized loss on settlement of diesel swap contracts (i)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>0.3</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Deferred income tax related to hedging instruments</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>-</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(1.5)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div>Total hedging gains (losses) in other comprehensive income</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><b>(0.1)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div>10.3</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The following tables summarize the realized and unrealized gains (losses) on provisionally priced sales:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; PADDING-TOP: 2pt" colspan="7"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31, 2017</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 61%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div>(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> Gold</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>Copper</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>Total</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="7"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b>Gain (LOSS) on the provisional pricing of concentrate sales</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Realized</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 1.9</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 10.0</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 11.9</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Unrealized</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 0.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 4.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 4.2</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Total gain (loss)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 2.0</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 14.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 16.1</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; PADDING-TOP: 2pt" colspan="7"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31, 2016</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 61%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div>(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> Gold</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>Copper</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>Total</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="7"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> (Loss) Gain on the provisional pricing of concentrate sales</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Realized</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>6.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>9.6</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Unrealized</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(1.5)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>6.0</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>4.5</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Total (loss) gain</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>1.3</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>12.8</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>14.1</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="left"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The following table summarizes the net exposure to the impact of movements in market commodity prices for provisionally priced sales:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; PADDING-TOP: 2pt" colspan="5"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at December</font> <font color="#f0ffff">31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 72%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>2016</div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 9pt Calibri,sans-serif; COLOR: #005b94" align="left"><font style="TEXT-TRANSFORM: uppercase"><b>Volumes subject to final pricing net of outstanding swaps  </b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Gold ounces (000s)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 2.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 4.0</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Copper pounds (millions)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 1.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 3.0</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">3. Critical judgments and estimation uncertainties</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The preparation of the Company’s consolidated financial statements in conformity with IFRS requires the Company’s management to make judgments, estimates and assumptions about the future events that affect the amounts reported in the consolidated financial statements and related notes to the financial statements. Estimates and assumptions are continually evaluated and are based on management’s experience and other facts and circumstances. Revisions to estimates and the resulting effects on the carrying amounts of the Company’s assets and liabilities are accounted for prospectively.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The areas which require management to make significant judgments, estimates and assumptions in determining carrying values include, but are not limited to:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(a) Critical judgments in the application of accounting policies</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(i) Commencement of commercial production</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Prior to the period when a mine has reached management’s intended operating levels, costs incurred as part of the development of the related mining property are capitalized and any mineral sales during the commissioning period are offset against the costs capitalized. The Company defines the commencement of commercial production as the date that a mine has achieved a consistent level of production. Depletion of capitalized costs for mining properties begins when operating levels intended by management have been reached.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">There are a number of factors the Company considers when determining if conditions exist for the commencement of commercial production of an operating mine. Management examines the following when making that judgment:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman,serif" align="justify"> </div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"></td> <td style="WIDTH: 0.25in"> <div><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div>All major capital expenditures to bring the mine to the condition necessary for it to be capable of operating in the manner intended by management have been completed;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"></td> <td style="WIDTH: 0.25in"> <div><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div>The completion of a reasonable period of testing of the mine plant and equipment has been completed;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"></td> <td style="WIDTH: 0.25in"> <div><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div>The mine or mill has reached a pre-determined percentage of design capacity; and</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"></td> <td style="WIDTH: 0.25in"> <div><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div>The ability to sustain ongoing production of ore has been achieved.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The list is not exhaustive and each specific circumstance is taken into account before making the decision.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(ii) Functional currency</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The functional currency for each of the Company’s Subsidiaries and Associates is the currency of the primary economic environment in which the entity operates. The Company has determined the functional currency of each entity as the U.S. dollar. Determination of the functional currency may involve certain judgments to determine the primary economic environment and the Company reconsiders the functional currency of its entities if there is a change in events and conditions which determines the primary economic environment.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><b><i> </i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(iii) Determination of economic viability</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Management has determined that exploratory drilling, evaluation, development and related costs incurred on the Blackwater project, and New Afton C-zone project have future economic benefits and are economically recoverable. In making this judgment, management has assessed various criteria including, but not limited to, the geologic and metallurgic information, history of conversion of mineral deposits to proven and probable mineral reserves, operating management expertise, existing permits, the expectation of receiving additional permits and life-of-mine (“LOM”) plans.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(iv) Carrying value of long-lived assets and impairment charges</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In determining whether the impairment of the carrying value of an asset is necessary, management first determines whether there are external or internal indicators that would signal the need to test for impairment. These indicators consist of but are not limited to the prolonged significant decline in commodity prices, per ounce multiples, unfavourable changes to the legal environment in which the entity operates, significant adverse change to LOM plans and the factors which lead to the carrying amount of the Company’s net assets exceeding its market capitalization. If an impairment indicator is identified, the Company compares the carrying value of the asset against the recoverable amount. These determinations and their individual assumptions require that management make a decision based on the best available information at each reporting period.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">As at December 31, 2017, indicators of impairment existed for Rainy River as the Company announced higher expected operating expenses and capital expenditures over the first nine years of operations. The results of the impairment assessment, including the significant estimates and assumptions used, are set out in Note 11.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(v) Determination of CGU</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In determining a CGU, management had to examine the smallest identifiable group of assets that generates cash inflows that are largely independent of cash inflows from other assets or groups of assets. The Company has determined that each mine site and development project qualifies as an individual CGU. Each of these assets generates or will have the ability to generate cash inflows that are independent of the other assets and therefore qualifies as an individual asset for impairment testing purposes.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(vi) Classification of Gold Stream Instruments</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company holds gold stream agreements with counterparties for the purchase and delivery of gold and silver. Management has assessed these gold stream agreements under the scope of IFRS 9, Financial Instruments as to whether or not the agreements constitute a financial instrument. As the gold stream obligation has embedded derivatives that would otherwise need to be accounted for separately at FVTPL, Management has designated the deposit received from Royal Gold as a financial liability at FVTPL, with initial and subsequent measurement at fair value, as permitted under IFRS 9.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(b) Key sources of estimation uncertainty in the application of accounting policies</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(i) Revenue recognition</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Revenue from sales of concentrate is recorded when the rights and rewards of ownership pass to the buyer. Variations between the prices set in the contracts and final settlement prices may be caused by changes in the market prices and result in an embedded derivative in the accounts receivable. The embedded derivative is recorded at fair value each reporting period until final settlement occurs, with changes in the fair value being recorded as revenue. For changes in metal quantities upon receipt of new information and assays, the provisional sales quantities are adjusted as well.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(ii) Inventory valuation</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Management values inventory at the weighted average production costs or net realizable value (“NRV”). Weighted average production costs include expenditures incurred and depreciation and depletion of assets used in mining and processing activities that are deferred and accumulated as the cost of ore in stockpiles, ore on leach pad, work-in-process and finished metals inventories. The allocation of costs to ore in stockpiles, ore on leach pads and in-process inventories and the determination of NRV involve the use of estimates. Costs are removed from the leach pad based on the average cost per recoverable ounce of gold and silver on the leach pad as gold and silver are recovered. Estimates of recoverable gold and silver on the leach pads are calculated from the quantities of ore placed on the pads, the grade of ore placed on the leach pads and an estimated percentage of recovery. Timing and ultimate recovery of gold and silver contained on leach pads can vary significantly from the estimates.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(iii) Mineral reserves and resources</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The figures for mineral reserves and mineral resources are determined in accordance with National Instrument 43-101, “Standards of Disclosure for Mineral Projects”, issued by the Canadian Securities Administrators. There are numerous estimates in determining the mineral reserves and estimates. Such estimation is a subjective process, and the accuracy of any mineral reserve or resource estimate is a function of the quantity and quality of available data and of the assumptions made and judgments used in engineering and geological interpretation. Differences between management’s assumptions including economic assumptions, such as metal prices and market conditions, could have a material effect in the future on the Company’s financial position and results of operations.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><b><i> </i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(iv) Estimated recoverable ounces</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The carrying amounts of the Company’s mining properties are depleted based on recoverable ounces. Changes to estimates of recoverable ounces and depletable costs including changes resulting from revisions to the Company’s mine plans and changes in metal price forecasts can result in a change to future depletion rates.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="left"><b><i> </i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(v) Deferred income taxes</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In assessing the probability of realizing income tax assets recognized, management makes estimates related to expectations of future taxable income, applicable tax planning opportunities, expected timing of reversals of existing temporary differences and the likelihood that tax positions taken will be sustained upon examination by applicable tax authorities. In making its assessments, management gives additional weight to positive and negative evidence that can be objectively verified. Estimates of future taxable income are based on forecasted cash flows from operations and the application of existing tax laws in each jurisdiction. Forecasted cash flows from operations are based on LOM projections internally developed and reviewed by management. The Company considers tax planning opportunities that are within the Company’s control, are feasible and implementable without significant obstacles. Examination by applicable tax authorities is supported based on individual facts and circumstances of the relevant tax position examined in light of all available evidence. Where applicable tax laws and regulations are either unclear or subject to ongoing varying interpretations, it is possible that changes in these estimates can occur that materially affect the amounts of income tax asset recognized. At the end of each reporting period, the Company reassesses unrecognized income tax assets.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><b><i> </i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(vi) Reclamation and closure cost obligations</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company’s provision for reclamation and closure cost obligations represents management’s best estimate of the present value of the future cash outflows required to settle the liability which reflects estimates of future costs, inflation, movements in foreign exchange rates and assumptions of risks associated with the future cash outflows, and the applicable risk-free interest rates for discounting the future cash outflows. Changes in the above factors can result in a change to the provision recognized by the Company.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 33%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff"> Quant</font><font color="#f0ffff">ity</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"> outstanding</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 25%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Remaining</font> <font color="#f0ffff">term</font></font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 8pt Calibri,sans-serif; COLOR: white" align="right"><font color="#f0ffff">Exercise<br/> price ($/lb)</font></div> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Fair value</font>  <font color="#f0ffff">- asset</font>  </font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">(liability</font><font color="#f0ffff">)</font></font>  <font style="COLOR: transparent"> <sup style="font-style:normal"><font color="#f0ffff">(1)</font></sup> <font style="FONT-STYLE: normal">  </font></font></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="2"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> COPPER price option contracts outstanding</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Copper call contracts - sold</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>27,600 tonnes</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>January – December  2018</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>3.37</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><font style="COLOR: black">(7.8)</font> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Copper put contracts - purchased</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>27,600 tonnes</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>January – December  2018</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>3.00</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><font style="COLOR: black">3.7</font> </div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>The Company presents the fair value of its put and call options on a net basis on the consolidated statements of financial position. The Company has a legally enforceable right to set off the amounts under its option contracts and intends to settle on a net basis.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
4100000
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">17. Income and mining taxes</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table outlines the composition of income tax expense between current tax and deferred tax:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">2016</div> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">(Note 5)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Current income and mining tax expense</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Canada</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.8</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(1.8)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Foreign</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 12.2</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">15.1</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Adjustments in respect of prior year</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(4.6)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 15.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">8.7</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Deferred income and mining tax expense (recovery)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Canada</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (87.7)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1.4</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Foreign</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (42.0)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(18.1)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Adjustments in respect of prior year</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (1.3)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">5.9</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> (131.0)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">(10.8)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Total income tax expense (recovery)</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (115.9)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(2.1)<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Income tax expense differs from the amount that would result from applying the Canadian federal and provincial income tax rates to earnings before taxes. The differences result from the following items:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">2016</div> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">(Note 5)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black">Loss before taxes</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (217.6)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(10.7)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Canadian federal and provincial income tax rates</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>26.3%</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">25.8%</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Income tax (recovery) expense based on above rates</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (57.2)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(2.8)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Increase (decrease) due to</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Permanent differences</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (11.0)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> (4.3)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Different statutory tax rates on earnings of foreign subsidiaries</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (11.7)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.8</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Foreign exchange on non-monetary assets and liabilities</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (7.4)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(10.1)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Other foreign exchange differences</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (1.6)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">8.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Prior years’ adjustments relating to tax provision and tax returns</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (1.2)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Canadian mining tax</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 10.9</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.4</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Mexican special duty tax</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.3</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.6</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Withholding tax</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.3</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Change in tax rates</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (31.5)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Change in unrecognized deferred tax assets</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Disposal of El Morro gold stream asset</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (8.4)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Other</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.4)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2.3</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Income tax expense (recovery)</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (115.9)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(2.1)<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company’s statutory tax rate has increased from 25.8% in 2016 to 26.3% in 2017. The increase primarily resulted from an increase in the income tax rate of British Columbia from 11.5% to 12.0%.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following tables provide analysis of the deferred tax assets and liabilities as at December 31, 2017:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at December</font> <font color="#f0ffff">31, 2017</font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 50%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Canada</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">USA</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Australia<sup style="font-style:normal">(1)</sup></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Mexico</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Total</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Deferred tax assets</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Unused non-capital losses</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 3.5</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 3.5</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Property, plant and equipment</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 60.6</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 60.6</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Gold stream obligation</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 24.3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 24.3</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Investment tax credits / government assistance</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 18.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 18.2</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Alternative minimum tax credits</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 27.0</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 27.0</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Decommissioning obligations</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 22.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 22.2</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Derivative Instruments/Hedging</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.9</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.9</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Ontario Mining Tax</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 6.1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 6.1</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Accrued liabilities and provisions</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.1)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.2</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 5.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 5.6</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 141.2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 30.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 171.6</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Deferred tax liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Mining interests</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (144.5)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (29.3)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (173.8)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Property, plant and equipment</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (24.0)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (24.0)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Investment tax credits / government assistance</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>  -   </b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Decommissioning obligations</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (5.7)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (5.7)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">British Columbia Mining Tax</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (36.6)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (36.6)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Mexican Mining Royalty</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.1)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.1)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (6.4)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (3.7)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (10.1)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (187.5)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (62.7)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.1)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (250.3)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Deferred income tax liabilities, net</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (46.3)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (32.3)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.1)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (78.7)</b></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>As at December 31, 2017, the deferred tax asset and deferred tax liability at Peak Mines are included in assets held-for-sale and liabilities held-for-sale, respectively.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at December</font> <font color="#f0ffff">31, 2016</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 50%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Canada</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">USA</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Australia</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Mexico</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Total</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Deferred tax assets</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Unused non-capital losses</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 14.9</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 14.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Property, plant and equipment</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 92.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 6.6</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 99.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Investment tax credits / government assistance</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 48.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 48.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Alternative minimum tax credits</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 15.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 15.8</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Decommissioning obligations</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 9.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 5.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 4.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 19.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Derivative Instruments/Hedging</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 19.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.1)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 19.7</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Accrued liabilities and provisions</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 2.3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 3.3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 6.5</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.3</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.1</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.5</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.9</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 173.3</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 36.7</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 14.0</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.9</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 224.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Deferred tax liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Mining interests</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (276.5)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (51.1)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (24.8)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (352.4)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">British Columbia Mining Tax</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (45.2)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (5.4)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (50.6)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Ontario Mining Tax</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (35.1)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (35.1)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Derivative instruments</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (4.2)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (4.2)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Mexican Mining Royalty</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.4)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.4)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (16.5)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (1.3)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 5.3</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (12.5)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (315.8)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (112.8)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (26.1)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.5)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (455.2)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Deferred income tax liabilities, net<sup style="font-style:normal">(1)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (142.5)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (76.1)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (12.1)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.4</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (230.3)</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Prior period comparatives have been revised as per note 5.</div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table outlines the movement in the net deferred tax liabilities:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> 2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">2016</div> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">(Note 5)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Movement in the net deferred tax liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Balance at the beginning of the year</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (230.3)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (275.5)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Recognized in net loss</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 139.2</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 20.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Recognized in other comprehensive income</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.8</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 20.4</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Recognized as reduction in mineral properties</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (43.6)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (6.9)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Recognized as foreign exchange</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 50.3</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 12.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Other</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.3)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Reclassified as held-for-sale</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.9</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total movement in the net deferred tax liabilities</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> (78.7)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">(230.3)<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Deferred income tax assets are recognized for tax loss carry-forwards to the extent that the realization of the related tax benefit through future taxable profits is probable. The Company did not recognize deductible temporary differences on the following losses by country:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman,serif" align="justify"> </div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Canadian income tax losses of $0.6 million expiring between 2018 to 2036;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Canadian capital loss carry-forwards of $41.3 million with no expiry date; and</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Other loss carry-forwards of $20.4 million with varying expiry dates.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In addition to the above, the Company did not recognize net deductible temporary differences and tax credits in the amount of $196.6 million (2016 - $240.9 million) on other temporary differences.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company has $123.2 million (2016 - $114.6 million) of temporary differences associated with investment in Subsidiaries on which deferred tax liabilities have not been recognized.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company recognizes deferred taxes by taking into account the effects of local enacted tax legislation. Deferred tax assets are fully recognized when the Company concludes that sufficient positive evidence exists to demonstrate that it is probable that a deferred tax asset will be realized. The main factors that the Company considers, but are not limited to, are:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman,serif" align="justify"> </div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Historic and expected future taxable income;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Any tax planning that can be implemented to realize the tax assets; and</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">⋅</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The nature, amount and timing and reversal of taxable temporary differences.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Future income is impacted by changes in market gold, copper and silver prices as well as forecasted future costs and expenses to produce gold and copper reserves. In addition, the quantities of proven and probable gold and copper reserves, market interest rates and foreign currency exchange rates also impact future levels of taxable income. Any change in any of these factors will result in an adjustment to the recognition of deferred tax assets to reflect the Company's latest assessment of the amount of deferred tax assets that is probable will be realized.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">On December 22, 2017, the Tax Cuts and Jobs Act (“tax reform”) was signed into law in the United States. Tax reform lowered the U.S. Federal corporate tax rate from 35% to 21% and made numerous other tax law changes. The change in tax law required the Company to remeasure existing net deferred tax liabilities using the lower rate in the period of enactment resulting in an income tax benefit of approximately $32.6 million to reflect these changes in the year ended December 31, 2017. These estimates may require adjustments based on additional guidance that may be issued by the U.S. Government and as further clarification and interpretations become available. Subsequent adjustments would typically be accounted for as a change in estimate.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The following table outlines the composition of income tax expense between current tax and deferred tax:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">2016</div> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">(Note 5)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Current income and mining tax expense</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Canada</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.8</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(1.8)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Foreign</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 12.2</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">15.1</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Adjustments in respect of prior year</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(4.6)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 15.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">8.7</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Deferred income and mining tax expense (recovery)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Canada</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (87.7)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1.4</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Foreign</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (42.0)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(18.1)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Adjustments in respect of prior year</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (1.3)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">5.9</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> (131.0)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">(10.8)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Total income tax expense (recovery)</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (115.9)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(2.1)</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Income tax expense differs from the amount that would result from applying the Canadian federal and provincial income tax rates to earnings before taxes. The differences result from the following items:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">2016</div> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">(Note 5)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black">Loss before taxes</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (217.6)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(10.7)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Canadian federal and provincial income tax rates</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>26.3%</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">25.8%</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Income tax (recovery) expense based on above rates</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (57.2)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(2.8)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Increase (decrease) due to</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Permanent differences</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (11.0)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> (4.3)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Different statutory tax rates on earnings of foreign subsidiaries</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (11.7)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.8</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Foreign exchange on non-monetary assets and liabilities</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (7.4)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(10.1)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Other foreign exchange differences</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (1.6)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">8.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Prior years’ adjustments relating to tax provision and tax returns</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (1.2)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Canadian mining tax</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 10.9</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.4</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Mexican special duty tax</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.3</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.6</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Withholding tax</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.3</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Change in tax rates</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (31.5)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Change in unrecognized deferred tax assets</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Disposal of El Morro gold stream asset</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (8.4)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Other</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.4)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2.3</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Income tax expense (recovery)</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (115.9)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(2.1)</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The following tables provide analysis of the deferred tax assets and liabilities as at December 31, 2017:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at December</font> <font color="#f0ffff">31, 2017</font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 50%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Canada</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">USA</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Australia<sup style="font-style:normal">(1)</sup></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Mexico</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Total</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Deferred tax assets</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Unused non-capital losses</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 3.5</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 3.5</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Property, plant and equipment</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 60.6</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 60.6</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Gold stream obligation</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 24.3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 24.3</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Investment tax credits / government assistance</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 18.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 18.2</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Alternative minimum tax credits</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 27.0</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 27.0</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Decommissioning obligations</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 22.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 22.2</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Derivative Instruments/Hedging</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.9</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.9</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Ontario Mining Tax</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 6.1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 6.1</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Accrued liabilities and provisions</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.1)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.2</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 5.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 5.6</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 141.2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 30.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 171.6</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Deferred tax liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Mining interests</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (144.5)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (29.3)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (173.8)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Property, plant and equipment</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (24.0)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (24.0)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Investment tax credits / government assistance</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>  -   </b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Decommissioning obligations</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (5.7)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (5.7)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">British Columbia Mining Tax</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (36.6)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (36.6)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Mexican Mining Royalty</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.1)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.1)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (6.4)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (3.7)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (10.1)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (187.5)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (62.7)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.1)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (250.3)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Deferred income tax liabilities, net</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (46.3)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (32.3)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.1)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (78.7)</b></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>As at December 31, 2017, the deferred tax asset and deferred tax liability at Peak Mines are included in assets held-for-sale and liabilities held-for-sale, respectively.</i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at December</font> <font color="#f0ffff">31, 2016</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 50%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Canada</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">USA</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Australia</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Mexico</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Total</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Deferred tax assets</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Unused non-capital losses</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 14.9</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 14.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Property, plant and equipment</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 92.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 6.6</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 99.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Investment tax credits / government assistance</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 48.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 48.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Alternative minimum tax credits</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 15.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 15.8</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Decommissioning obligations</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 9.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 5.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 4.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 19.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Derivative Instruments/Hedging</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 19.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.1)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 19.7</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Accrued liabilities and provisions</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 2.3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 3.3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 6.5</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.3</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.1</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.5</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.9</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 173.3</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 36.7</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 14.0</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.9</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 224.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Deferred tax liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Mining interests</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (276.5)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (51.1)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (24.8)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (352.4)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">British Columbia Mining Tax</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (45.2)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (5.4)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (50.6)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Ontario Mining Tax</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (35.1)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (35.1)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Derivative instruments</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (4.2)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (4.2)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Mexican Mining Royalty</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.4)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.4)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (16.5)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (1.3)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 5.3</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (12.5)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (315.8)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (112.8)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (26.1)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.5)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (455.2)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Deferred income tax liabilities, net<sup style="font-style:normal">(1)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (142.5)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (76.1)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (12.1)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.4</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (230.3)</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Prior period comparatives have been revised as per note 5.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The following table outlines the movement in the net deferred tax liabilities:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> 2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">2016</div> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">(Note 5)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Movement in the net deferred tax liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Balance at the beginning of the year</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (230.3)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (275.5)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Recognized in net loss</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 139.2</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 20.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Recognized in other comprehensive income</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.8</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 20.4</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Recognized as reduction in mineral properties</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (43.6)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (6.9)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Recognized as foreign exchange</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 50.3</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 12.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Other</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.3)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Reclassified as held-for-sale</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.9</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total movement in the net deferred tax liabilities</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> (78.7)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">(230.3)</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
15100000
8700000
600000
41300000
20400000
2018
2036
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">18. Reclamation and closure cost obligations</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Changes to the reclamation and closure cost obligations are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="8"> <div> </div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 37%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div>(in millions of U.S. dollars)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div>Rainy<br/> River</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div>New<br/> Afton</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div>Mesquite</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div>Peak<br/> Mines</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div>Cerro San<br/> Pedro</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div>Blackwater</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div>Total</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="5"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94"><b> Changes to reclamation and closure cost obligations</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd"><i>Balance – December 31, 2015</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 7.9</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 7.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 13.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 14.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 17.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 8.3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 68.8</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Reclamation expenditures</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (2.6)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (2.6)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Unwinding of discount</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 1.7</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Revisions to expected cash flows</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 11.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (0.1)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (0.7)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 4.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 15.5</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Foreign exchange movement</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.1</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.2</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (0.1)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (2.0)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.3</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (1.5)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd"><i>Balance – December 31, 2016</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 20.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 7.6</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 13.6</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 13.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 18.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 8.9</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 81.9</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Less: current portion of closure costs (Note 8)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (0.1)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (0.8)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (0.9)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Non-current portion of closure costs</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 20.0</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 7.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 13.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 13.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 17.3</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 8.9</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 81.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd"><i>Balance – December 31, 2016</i></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 20.0</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 7.6</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 13.6</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 13.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 18.1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 8.9</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 81.9</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Reclamation expenditures</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (0.2)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (0.1)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (1.0)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (0.1)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (1.4)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Unwinding of discount</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 0.4</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 0.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 0.3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 0.4</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 0.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 0.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 1.7</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Revisions to expected cash flows</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 41.4</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 3.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 6.6</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 3.1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 1.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (0.3)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 55.2</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Foreign exchange movement</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 1.6</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 0.8</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 1.1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 0.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 0.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 4.9</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Less: amounts reclassified as held for sale</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (18.2)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (18.2)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd"><i>Balance – December 31, 2017</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 63.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 11.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 20.5</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 19.2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 9.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 124.1</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Less: current portion of closure costs (Note 8)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (0.2)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (2.4)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (2.6)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Non-current portion of closure costs</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 63.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 11.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 20.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 16.8</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 9.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 121.5</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="TEXT-TRANSFORM: none; FONT-WEIGHT: normal"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="TEXT-TRANSFORM: none; FONT-WEIGHT: normal">Each period the Company reviews cost estimates and other assumptions used in the valuation of the obligations at each of its mining properties and development properties to reflect events, changes in circumstances and new information available. Changes in these cost estimates and assumptions have a corresponding impact on the fair value of the obligation. The fair values of the obligations are measured by discounting the expected cash flows using a discount factor that reflects the risk-free rate of interest. The Company prepares estimates of the timing and amount of expected cash flows when an obligation is incurred. Expected cash flows are updated to reflect changes in facts and circumstances. The principal factors that can cause expected cash flows to change are: the construction of new processing facilities; obligations realized through additional ore bodies mined; changes in the quantities of material in reserves and a corresponding change in the LOM; changing ore characteristics that impact required environmental protection measures and related costs; changes in water quality that impact the extent of water treatment required; and changes in laws and regulations governing the protection of the environment. The fair value of an obligation is recorded when it is incurred.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"><font style="TEXT-TRANSFORM: none; FONT-WEIGHT: normal"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="TEXT-TRANSFORM: none; FONT-WEIGHT: normal">For the year ended December 31, 2017, the Company updated the reclamation and closure cost obligations for each of its mine sites. The impact of these assessments was an increase of $55.2 million (year ended December 31, 2016 – $15.5 million), which primarily related to Rainy River and Mesquite. Key drivers of the Rainy River liability increase of $41.4 million include advancement of the processing plant site area, construction of tailings management area, placement of mine rock and other additional obligations related to significant project advancement achieved during the period as the project continued to advance to commercial production. The key driver of the Mesquite liability increase of $6.6 million was increased requirements for reclamation sloping on waste rock, increasing the amount of earthworks required.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The majority of the expenditures are expected to occur between 2022 and 2031. The discount rates used in estimating the site reclamation and closure cost obligations were between 1.9% and 6.0% for the year ended December 31, 2017 (2016 – 1.4% and 6.0%), and the inflation rate used was between 1.7% and 3.3% for the year ended December 31, 2017 (2016 – 1.0% and 3.3%).</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Regulatory authorities in certain jurisdictions require that security be provided to cover the estimated reclamation and remediation obligations. As at December 31, 2017, letters of credit totalling $137.8 million (2016 - $113.0 million) and surety bonds totalling $19.6 million (2016 - $14.8 million) had been issued to various regulatory agencies to satisfy financial assurance requirements for this purpose with the increase in 2017 related to the Rainy River project. The letters of credit are secured by the revolving Credit Facility (Note 12 (c)), and the annual fees are 1.50% of the value of the outstanding letters of credit.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Changes to the reclamation and closure cost obligations are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="8"> <div> </div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 37%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div>(in millions of U.S. dollars)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div>Rainy<br/> River</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div>New<br/> Afton</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div>Mesquite</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div>Peak<br/> Mines</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div>Cerro San<br/> Pedro</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div>Blackwater</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div>Total</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="5"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94"><b> Changes to reclamation and closure cost obligations</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd"><i>Balance – December 31, 2015</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 7.9</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 7.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 13.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 14.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 17.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 8.3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 68.8</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Reclamation expenditures</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (2.6)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (2.6)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Unwinding of discount</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 1.7</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Revisions to expected cash flows</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 11.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (0.1)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (0.7)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 4.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 15.5</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Foreign exchange movement</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.1</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.2</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (0.1)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (2.0)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 0.3</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (1.5)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd"><i>Balance – December 31, 2016</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 20.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 7.6</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 13.6</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 13.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 18.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 8.9</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 81.9</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Less: current portion of closure costs (Note 8)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (0.1)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (0.8)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> (0.9)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Non-current portion of closure costs</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 20.0</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 7.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 13.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 13.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 17.3</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 8.9</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div> 81.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd"><i>Balance – December 31, 2016</i></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 20.0</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 7.6</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 13.6</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 13.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 18.1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 8.9</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 81.9</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Reclamation expenditures</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (0.2)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (0.1)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (1.0)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (0.1)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (1.4)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Unwinding of discount</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 0.4</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 0.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 0.3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 0.4</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 0.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 0.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 1.7</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Revisions to expected cash flows</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 41.4</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 3.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 6.6</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 3.1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 1.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (0.3)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 55.2</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Foreign exchange movement</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 1.6</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 0.8</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 1.1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 0.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 0.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 4.9</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Less: amounts reclassified as held for sale</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (18.2)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (18.2)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><font style="COLOR: #4f81bd"><i>Balance – December 31, 2017</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 63.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 11.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 20.5</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 19.2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 9.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 124.1</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Less: current portion of closure costs (Note 8)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (0.2)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (2.4)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> (2.6)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div>Non-current portion of closure costs</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 63.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 11.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 20.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 16.8</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 9.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div><b> 121.5</b></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
7900000
7400000
13200000
14200000
17800000
8300000
2600000
100000
1000000
100000
200000
100000
200000
300000
700000
200000
400000
200000
300000
400000
200000
200000
11800000
-100000
200000
-700000
4200000
100000
41400000
3200000
6600000
3100000
1200000
-300000
100000
200000
-100000
-2000000
300000
1600000
1100000
700000
700000
20000000
7600000
13600000
13700000
18100000
8900000
124100000
63400000
11600000
20500000
19200000
9400000
-200000
-2400000
-100000
-800000
0
20000000
7600000
13600000
13600000
17300000
8900000
63400000
11600000
20300000
16800000
9400000
68800000
81900000
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">19. Supplemental cash flow information</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Supplemental cash flow information (included within operating activities) is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt"> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt/10pt Calibri,sans-serif">(in millions of U.S. dollars)</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">2017</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">2016</td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Change in non-cash operating working capital</b></font></td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Trade and other receivables</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 15.1</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">(13.9)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Inventories</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 2.8</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">(8.8)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Prepaid expenses and other</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> (1.5)</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">1.8</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Trade and other payables</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 24.5</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">0.5</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total change in non-cash operating working capital</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 40.9</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">(20.3)</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div><font style="FONT-SIZE: 8pt" color="#f0ffff">Year ended December 31</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> other Non-cash adjustments</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Unrealized loss on share purchase warrants</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (1.2)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(0.2)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Unrealized loss on concentrate contracts</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.9</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">4.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Equity settled share-based payment expense</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 5.7</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">5.4</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Gain on disposal of assets</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.3)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(0.1)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Settlement and loss (gain) on revaluation of gold price option contracts</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 13.9</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(10.5)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Unrealized  loss on gold stream obligation</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 21.8</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">31.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Unrealized loss on copper forward contracts and copper price option contracts</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.4</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other non-cash adjustments</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.2</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(1.9)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total other non-cash adjustments</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 46.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">28.3</div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Supplemental cash flow information (included within operating activities) is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt"> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt/10pt Calibri,sans-serif">(in millions of U.S. dollars)</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">2017</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">2016</td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Change in non-cash operating working capital</b></font></td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Trade and other receivables</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 15.1</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">(13.9)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Inventories</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 2.8</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">(8.8)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Prepaid expenses and other</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> (1.5)</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">1.8</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Trade and other payables</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 24.5</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">0.5</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total change in non-cash operating working capital</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 40.9</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">(20.3)</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div><font style="FONT-SIZE: 8pt" color="#f0ffff">Year ended December 31</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> other Non-cash adjustments</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Unrealized loss on share purchase warrants</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (1.2)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(0.2)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Unrealized loss on concentrate contracts</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.9</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">4.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Equity settled share-based payment expense</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 5.7</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">5.4</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Gain on disposal of assets</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.3)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(0.1)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Settlement and loss (gain) on revaluation of gold price option contracts</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 13.9</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(10.5)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Unrealized  loss on gold stream obligation</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 21.8</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">31.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Unrealized loss on copper forward contracts and copper price option contracts</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.4</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other non-cash adjustments</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.2</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(1.9)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total other non-cash adjustments</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 46.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">28.3</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
1900000
4500000
300000
100000
200000
-1900000
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">20. Segmented information</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(a) Segment revenues and results</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The Company manages its reportable operating segments by operating mines, development projects and exploration projects. The results from operations for these reportable operating segments are summarized in the following tables:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31, 2017</font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 28%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9.5pt"> Rainy</font><br/> <font style="FONT-SIZE: 9.5pt">River</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9.5pt"> New</font><br/> <font style="FONT-SIZE: 9.5pt">Afton</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9.5pt"> Mesquite</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9.5pt"> Cerro San</font><br/> <font style="FONT-SIZE: 9.5pt">Pedro</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9.5pt"> Corporate</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9.5pt"> Other<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9.5pt"> Discontinued</font><br/> <font style="FONT-SIZE: 9.5pt">Operations<sup style="font-style:normal">(4)</sup></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9.5pt"> Total</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Operating segment results</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Gold revenues</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 33.6</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 94.1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 215.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 42.5</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 385.9</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Copper revenues</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 203.8</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 203.8</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Silver revenues</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.7</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 9.9</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 14.7</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Total revenues<sup style="font-style:normal">(2)</sup></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 34.3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 302.0</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 215.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 52.4</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 604.4</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Operating expenses</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 38.5</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 107.1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 122.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 52.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 321.0</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Depreciation and depletion</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 14.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 139.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 60.2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 6.7</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> <b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 220.3</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Revenue less cost of goods sold</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (18.3)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 55.6</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 32.8</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (7.0)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 63.1</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Corporate administration</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> <b>23.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 23.7</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Corporate restructuring</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.2</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Share-based payment expenses</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 5.1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 5.1</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Asset impairment</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 268.4</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 268.4</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Exploration and business development</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 6.4</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(Loss) income from operations</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (288.9)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 54.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 32.8</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (7.0)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (33.6)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (2.2)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (244.7)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Finance income</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.9</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.1</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Finance costs</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (1.7)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (1.0)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.4)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.5)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (9.4)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.2)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (13.2)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other gains (losses) <sup style="font-style:normal">(3)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 12.2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (7.4)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (1.2)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 32.9</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 39.2</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(Loss) earnings before taxes</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (278.4)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 55.6</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 25.0</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (8.5)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (41.8)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 30.5</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (217.6)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Income tax recovery (expense)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 86.0</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.2)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 31.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.7)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.9</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (3.4)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 115.9</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(Loss) earnings (from continuing operations</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (192.4)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 55.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 56.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (9.2)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (38.9)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 27.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (101.7)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Loss from discontinued operations, net of tax</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (6.3)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (6.3)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Net (loss) earnings</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (192.4)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 55.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 56.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (9.2)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (38.9)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 27.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (6.3)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (108.0)</b></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Other includes balances relating to the development and exploration properties that have no revenues or operating costs.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">2.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Segmented revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the year ended December 31, 2017.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">3.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Other gains (losses) include foreign exchange revaluation, and a $33.0 million net gain on the disposal of the El Morro stream.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">4.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Refer to Note 16 for further information on discontinued operations.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0pt 0px 0pt 0.25in; FONT: italic 10pt Times New Roman,serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31, 2016</font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 28%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Rainy</font><br/> <font style="FONT-SIZE: 9pt">River</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> New</font><br/> <font style="FONT-SIZE: 9pt">Afton</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Mesquite</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Cerro San</font><br/> <font style="FONT-SIZE: 9pt">Pedro</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Corporate</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Other<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Discontinued</font><br/> <font style="FONT-SIZE: 9pt">Operations<sup style="font-style:normal">(4)</sup></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Total</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Operating segment results</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Gold revenues</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 110.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 141.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 79.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 331.8</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Copper revenues</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 172.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 172.4</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Silver revenues</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 4.4</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 14.2</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 18.6</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Total revenues<sup style="font-style:normal">(2)</sup></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 287.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 141.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 93.9</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 522.8</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Operating expenses</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 104.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 71.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 99.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 275.5</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Depreciation and depletion<sup style="font-style:normal">(3)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 152.3</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 38.9</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 8.9</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 200.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Revenue less cost of goods sold</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 30.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 31.3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (14.2)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 47.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Corporate administration</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 22.9</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 22.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Share-based payment expenses</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 8.3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 8.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Asset impairment</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 6.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 6.4</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Exploration and business development</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 2.1</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.9</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.4</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.3)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 4.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Income (loss) from operations</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 28.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 29.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (14.2)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (31.6)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (6.1)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 5.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Finance income</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.4</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Finance costs</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.7)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.4)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.9)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (7.7)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.2)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (9.9)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other gains (losses)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 5.3</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 5.5</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (6.7)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (21.8)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 10.0</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (7.7)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Earnings (loss) before taxes</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 32.6</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 34.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (21.1)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (60.4)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 3.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (10.7)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Income tax recovery (expense)<sup style="font-style:normal">(3)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 21.9</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.1)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 5.5</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (2.7)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (22.5)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 2.1</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Earnings (loss) from continuing operations</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 54.5</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 34.4</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (15.6)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (63.1)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (18.8)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (8.6)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Earnings from discontinued operations, net of tax</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.6</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Net earnings (loss)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 54.5</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 34.4</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (15.6)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (63.1)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (18.8)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (7.0)</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Other includes balances relating to the development and exploration properties that have no revenues or operating costs.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">2.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Segmented revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the year ended December 31, 2016.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">3.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Prior period comparatives have been revised as per note 5.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">4.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Refer to Note 16 for further information on discontinued operations<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="left"><b> </b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(b) Segmented assets and liabilities</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table presents the segmented assets and liabilities:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff"> Total</font> <font color="#f0ffff">assets</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Total</font> <font color="#f0ffff"> liabilities</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Capital expenditures<sup style="font-style:normal">(1)</sup></font></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: #2bb7df; VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">As at</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"> <font color="#f0ffff">December</font> <font color="#f0ffff"> 31</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">As at</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">December</font> <font color="#f0ffff"> 31</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">As at</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">December</font> <font color="#f0ffff"> 31</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">As at</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">December</font> <font color="#f0ffff"> 31</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 40%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2016<sup style="font-style:normal">(3)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2016<sup style="font-style:normal">(3)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2016<sup style="font-style:normal">(3)</sup></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Segmented assets and liabilities</b></font></div> </td> <td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Rainy River</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1,774.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1,505.1</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 454.4</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 545.6</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 499.3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 466.4</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">New Afton</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 874.5</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 961.5</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 147.8</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 128.4</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 42.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 40.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Mesquite</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 482.3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 513.3</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 96.3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 139.9</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 12.8</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 35.6</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Peak Mines</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 170.9</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 64.4</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Cerro San Pedro</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 43.9</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 60.5</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 26.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 29.8</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Blackwater</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 560.8</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 547.8</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 56.9</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 55.6</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 11.3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 10.0</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other<sup style="font-style:normal">(2)(5)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 172.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 173.9</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1,032.9</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 896.1</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.7</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 2.0</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 3,908.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 3,933.0</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1,815.0</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1,859.8</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 567.0</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">555.9</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Assets and liabilities held for sale and capital expenditures from discontinued operations<sup style="font-style:normal">(4)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 109.0</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 62.8</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 34.7</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 11.1</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Total assets, liabilities and capital expenditures</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4,017.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 3,933.0</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1,877.8</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1,859.8</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 601.7</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 567.0</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Capital expenditures per consolidated statement of cash flows.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">2.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Other includes corporate balances, exploration properties and the El Morro gold stream asset.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">3.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Prior-year period comparatives have been revised as per note 5.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">4.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Refer to Note 16 for further information on assets and liabilities held for sale.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">5.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Other includes Peak Mines’ cash and cash equivalents, which do not form part of the net assets held for sale.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0pt 0px; FONT: italic 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(c) Geographical information</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The Company operates in four principal geographical areas - Canada (country of domicile), the United States, Australia, and Mexico. The Company's revenue by location of operations and information about the Company’s non-current assets by location of assets are detailed below for the years ended December 31, 2017 and 2016.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff"> Revenue<sup style="font-style:normal">(1)</sup></font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff"> Non-current assets<sup style="font-style:normal">(2)</sup></font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 52%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 7pt"> <i>(in millions of U.S. dollars)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> 2017</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2016</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> 2017</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2016</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Revenue and non-current assets by location</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Canada</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 336.3</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  287.2</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 2,971.0</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  2,762.4</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> United States</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 215.7</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  141.7</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 302.4</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  359.2</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Australia<sup style="font-style:normal">(3)</sup></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 85.3</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  121.2</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Mexico</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 52.4</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  93.9</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 5.1</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  17.8</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Other</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 0.6</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  34.0</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Total</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 604.4</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 522.8</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 3,364.4</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  3,294.6</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Presented based on the location in which the sale originated.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">2.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Non-current assets exclude financial instruments (investments, reclamation deposits and other) and deferred tax assets.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">3.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">For the years ended December 31, 2017 and 2016, revenue from Peak Mines is included in earnings from discontinued operations. As at December 31, 2017, the Company’s non-current assets held in Australia are classified as assets held-for-sale.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(d) Information about major customers</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table presents sales to individual customers exceeding 10% of annual sales for the following periods. The following three customers represent 79% (2016 – 71%) of the Company’s concentrate and doré sales revenue for the years ended December 31.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div><font style="FONT-SIZE: 8pt" color="#f0ffff">Year ended December 31</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; BACKGROUND-COLOR: white; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt" colspan="2"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> 2017</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Customer</b></font></div> </td> <td style="TEXT-ALIGN: left; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 62%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Reporting segment</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 2%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 2%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1</div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> Mesquite<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 210.8</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 138.7</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> Rainy River<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 34.3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> Cerro San Pedro <sup style="font-style:normal"> (1)</sup></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.4</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">34.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2</div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> New Afton</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 125.5</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 99.8</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">3</div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> New Afton</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 99.8</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 99.3</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both">Total sales to customers exceeding 10% of annual sales<sup style="font-style:normal">(2)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 474.8</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 2.25pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 371.9</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Mesquite, Rainy River and Cerro San Pedro all sell to the same customer.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">2.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Amounts presented exclude sales generated from Peak Mines, which has been classified as a discontinued operation for the year ended December 31, 2017.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company is not economically dependent on a limited number of customers for the sale of its product because gold and other metals can be sold through numerous commodity market traders worldwide. Refer to Note 22(a) for further discussion on the Company’s exposure to credit risk.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company manages its reportable operating segments by operating mines, development projects and exploration projects. The results from operations for these reportable operating segments are summarized in the following tables:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31, 2017</font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 28%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9.5pt"> Rainy</font><br/> <font style="FONT-SIZE: 9.5pt">River</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9.5pt"> New</font><br/> <font style="FONT-SIZE: 9.5pt">Afton</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9.5pt"> Mesquite</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9.5pt"> Cerro San</font><br/> <font style="FONT-SIZE: 9.5pt">Pedro</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9.5pt"> Corporate</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9.5pt"> Other<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9.5pt"> Discontinued</font><br/> <font style="FONT-SIZE: 9.5pt">Operations<sup style="font-style:normal">(4)</sup></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9.5pt"> Total</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Operating segment results</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Gold revenues</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 33.6</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 94.1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 215.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 42.5</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 385.9</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Copper revenues</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 203.8</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 203.8</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Silver revenues</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.7</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 9.9</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 14.7</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Total revenues<sup style="font-style:normal">(2)</sup></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 34.3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 302.0</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 215.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 52.4</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 604.4</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Operating expenses</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 38.5</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 107.1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 122.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 52.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 321.0</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Depreciation and depletion</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 14.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 139.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 60.2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 6.7</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> <b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 220.3</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Revenue less cost of goods sold</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (18.3)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 55.6</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 32.8</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (7.0)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 63.1</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Corporate administration</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> <b>23.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 23.7</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Corporate restructuring</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.2</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Share-based payment expenses</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 5.1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 5.1</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Asset impairment</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 268.4</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 268.4</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Exploration and business development</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 6.4</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(Loss) income from operations</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (288.9)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 54.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 32.8</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (7.0)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (33.6)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (2.2)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (244.7)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Finance income</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.9</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.1</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Finance costs</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (1.7)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (1.0)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.4)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.5)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (9.4)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.2)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (13.2)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other gains (losses) <sup style="font-style:normal">(3)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 12.2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (7.4)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (1.2)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 32.9</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 39.2</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(Loss) earnings before taxes</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (278.4)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 55.6</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 25.0</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (8.5)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (41.8)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 30.5</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (217.6)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Income tax recovery (expense)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 86.0</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.2)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 31.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.7)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.9</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (3.4)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 115.9</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(Loss) earnings (from continuing operations</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (192.4)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 55.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 56.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (9.2)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (38.9)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 27.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (101.7)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Loss from discontinued operations, net of tax</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (6.3)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (6.3)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Net (loss) earnings</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (192.4)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 55.4</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 56.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (9.2)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (38.9)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 27.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (6.3)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (108.0)</b></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Other includes balances relating to the development and exploration properties that have no revenues or operating costs.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">2.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Segmented revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the year ended December 31, 2017.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">3.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Other gains (losses) include foreign exchange revaluation, and a $33.0 million net gain on the disposal of the El Morro stream.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">4.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Refer to Note 16 for further information on discontinued operations.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0pt 0px 0pt 0.25in; FONT: italic 10pt Times New Roman,serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="9"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31, 2016</font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 28%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Rainy</font><br/> <font style="FONT-SIZE: 9pt">River</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> New</font><br/> <font style="FONT-SIZE: 9pt">Afton</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Mesquite</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Cerro San</font><br/> <font style="FONT-SIZE: 9pt">Pedro</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Corporate</font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Other<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Discontinued</font><br/> <font style="FONT-SIZE: 9pt">Operations<sup style="font-style:normal">(4)</sup></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Total</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Operating segment results</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Gold revenues</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 110.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 141.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 79.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 331.8</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Copper revenues</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 172.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 172.4</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Silver revenues</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 4.4</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 14.2</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 18.6</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Total revenues<sup style="font-style:normal">(2)</sup></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 287.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 141.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 93.9</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 522.8</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Operating expenses</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 104.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 71.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 99.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 275.5</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Depreciation and depletion<sup style="font-style:normal">(3)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 152.3</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 38.9</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 8.9</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 200.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Revenue less cost of goods sold</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 30.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 31.3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (14.2)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 47.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Corporate administration</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 22.9</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 22.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Share-based payment expenses</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 8.3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 8.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Asset impairment</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 6.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 6.4</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Exploration and business development</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 2.1</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.9</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.4</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.3)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 4.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Income (loss) from operations</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 28.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 29.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (14.2)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (31.6)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (6.1)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 5.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Finance income</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.4</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Finance costs</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.7)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.4)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.9)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (7.7)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.2)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (9.9)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other gains (losses)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 5.3</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 5.5</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (6.7)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (21.8)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 10.0</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (7.7)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Earnings (loss) before taxes</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 32.6</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 34.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (21.1)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (60.4)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 3.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (10.7)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Income tax recovery (expense)<sup style="font-style:normal">(3)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 21.9</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (0.1)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 5.5</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (2.7)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (22.5)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 2.1</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Earnings (loss) from continuing operations</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 54.5</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 34.4</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (15.6)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (63.1)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (18.8)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (8.6)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Earnings from discontinued operations, net of tax</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.6</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Net earnings (loss)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 54.5</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 34.4</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (15.6)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (63.1)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (18.8)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (7.0)</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Other includes balances relating to the development and exploration properties that have no revenues or operating costs.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">2.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Segmented revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the year ended December 31, 2016.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">3.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Prior period comparatives have been revised as per note 5.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">4.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Refer to Note 16 for further information on discontinued operations</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The following table presents the segmented assets and liabilities:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff"> Total</font> <font color="#f0ffff">assets</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Total</font> <font color="#f0ffff"> liabilities</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Capital expenditures<sup style="font-style:normal">(1)</sup></font></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: #2bb7df; VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">As at</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"> <font color="#f0ffff">December</font> <font color="#f0ffff"> 31</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">As at</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">December</font> <font color="#f0ffff"> 31</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">As at</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">December</font> <font color="#f0ffff"> 31</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">As at</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">December</font> <font color="#f0ffff"> 31</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 40%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2016<sup style="font-style:normal">(3)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2016<sup style="font-style:normal">(3)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2016<sup style="font-style:normal">(3)</sup></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Segmented assets and liabilities</b></font></div> </td> <td style="TEXT-ALIGN: left; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Rainy River</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1,774.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1,505.1</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 454.4</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 545.6</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 499.3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 466.4</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">New Afton</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 874.5</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 961.5</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 147.8</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 128.4</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 42.2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 40.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Mesquite</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 482.3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 513.3</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 96.3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 139.9</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 12.8</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 35.6</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Peak Mines</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 170.9</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 64.4</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Cerro San Pedro</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 43.9</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 60.5</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 26.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 29.8</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.7</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Blackwater</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 560.8</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 547.8</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 56.9</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 55.6</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 11.3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 10.0</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other<sup style="font-style:normal">(2)(5)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 172.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 173.9</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1,032.9</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 896.1</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.7</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 2.0</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 3,908.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 3,933.0</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1,815.0</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1,859.8</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 567.0</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">555.9</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Assets and liabilities held for sale and capital expenditures from discontinued operations<sup style="font-style:normal">(4)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 109.0</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 62.8</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 34.7</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 11.1</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Total assets, liabilities and capital expenditures</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4,017.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 3,933.0</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1,877.8</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1,859.8</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 601.7</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 567.0</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Capital expenditures per consolidated statement of cash flows.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">2.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Other includes corporate balances, exploration properties and the El Morro gold stream asset.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">3.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Prior-year period comparatives have been revised as per note 5.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">4.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Refer to Note 16 for further information on assets and liabilities held for sale.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">5.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Other includes Peak Mines’ cash and cash equivalents, which do not form part of the net assets held for sale.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company operates in four principal geographical areas - Canada (country of domicile), the United States, Australia, and Mexico. The Company's revenue by location of operations and information about the Company’s non-current assets by location of assets are detailed below for the years ended December 31, 2017 and 2016.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff"> Revenue<sup style="font-style:normal">(1)</sup></font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff"> Non-current assets<sup style="font-style:normal">(2)</sup></font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 52%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 7pt"> <i>(in millions of U.S. dollars)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> 2017</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2016</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> 2017</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2016</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Revenue and non-current assets by location</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Canada</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 336.3</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  287.2</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 2,971.0</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  2,762.4</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> United States</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 215.7</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  141.7</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 302.4</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  359.2</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Australia<sup style="font-style:normal">(3)</sup></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 85.3</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  121.2</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Mexico</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 52.4</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  93.9</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 5.1</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  17.8</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Other</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> -</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 0.6</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  34.0</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Total</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 604.4</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 522.8</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 3,364.4</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  3,294.6</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Presented based on the location in which the sale originated.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">2.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Non-current assets exclude financial instruments (investments, reclamation deposits and other) and deferred tax assets.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">3.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">For the years ended December 31, 2017 and 2016, revenue from Peak Mines is included in earnings from discontinued operations. As at December 31, 2017, the Company’s non-current assets held in Australia are classified as assets held-for-sale.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The following table presents sales to individual customers exceeding 10% of annual sales for the following periods. The following three customers represent 79% (2016 – 71%) of the Company’s concentrate and doré sales revenue for the years ended December 31.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div><font style="FONT-SIZE: 8pt" color="#f0ffff">Year ended December 31</font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; BACKGROUND-COLOR: white; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt" colspan="2"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> 2017</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Customer</b></font></div> </td> <td style="TEXT-ALIGN: left; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 62%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Reporting segment</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 2%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 2%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1</div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> Mesquite<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 210.8</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 138.7</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> Rainy River<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 34.3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> Cerro San Pedro <sup style="font-style:normal"> (1)</sup></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.4</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">34.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2</div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> New Afton</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 125.5</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 99.8</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">3</div> </td> <td style="TEXT-ALIGN: justify; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> New Afton</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 99.8</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 99.3</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid" colspan="4"> <div style="CLEAR:both;CLEAR: both">Total sales to customers exceeding 10% of annual sales<sup style="font-style:normal">(2)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 474.8</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 2.25pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 371.9</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Mesquite, Rainy River and Cerro San Pedro all sell to the same customer.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">2.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Amounts presented exclude sales generated from Peak Mines, which has been classified as a discontinued operation for the year ended December 31, 2017.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
33600000
0
0
0
700000
0
34300000
0
38500000
0
14100000
0
-18300000
0
0
0
268400000
0
2200000
0
-288900000
54200000
32800000
-7000000
-33600000
-2200000
0
0
0
1700000
0
12200000
0
86000000
0
-278400000
55600000
25000000
-8500000
-41800000
30500000
0
-192400000
55400000
56300000
-9200000
-38900000
27100000
-6300000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
30100000
31300000
-14200000
0
0
0
1600000
3908300000
3933000000
1815000000
1859800000
336300000
215700000
0
52400000
0
287200000
141700000
0
93900000
0
3364400000
3294600000
2971000000
302400000
85300000
5100000
600000
2762400000
359200000
121200000
17800000
34000000
34300000
4400000
0
34100000
210800000
138700000
3147200000
2962700000
Mining
Mining
Mining
Consolidated
Consolidated
Consolidated
Mexico
Australia
USA
1
1
1
1
1
1
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The aging of trade and other receivables is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 37%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">0-30<br/> days</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">31-60<br/> days</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">61-90<br/> days</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">91-120<br/> days</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Over 120<br/> days</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2017<br/> Total</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2016<br/> Total</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94"><b>Aging trade and other receivables</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Rainy River</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 6.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 4.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 6.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.4</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 17.3</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">5.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">New Afton</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (2.3)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 3.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.4</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">22.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Mesquite</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.5</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.7</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Peak Mines<sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Cerro San Pedro</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 4.3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.5</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 6.3</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">5.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Blackwater</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.4</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Corporate</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2.1</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total trade and other receivables</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 9.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 9.0</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 6.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 0.5</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 1.4</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 27.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 2.25pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">37.1</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Trade and other receivables as at December 31, 2017 are presented excluding sales generated from Peak Mines, which has been classified as a discontinued operation for the year ended December 31, 2017.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The following table shows the contractual maturities of debt commitments. The amounts presented represent the future undiscounted principal and interest cash flows, and therefore, do not equate to the carrying amounts on the consolidated statements of financial position.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 40%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">< 1 year</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">1-3 years</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">4-5 years</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">After<br/> 5 years</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">2017</div> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">Total</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">2016</div> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">Total</div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b>Debt commitments</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Trade and other payables</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 153.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 153.7</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 169.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Long-term debt</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 230.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 500.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 300.0</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1,030.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 900.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Interest payable on long-term debt</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 43.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 100.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 100.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 47.8</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 292.9</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 252.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Gold stream obligation</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 24.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 52.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 54.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 158.6</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 290.5</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 277.7</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total debt commitments</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 221.9</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 383.2</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 655.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 506.4</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 1,767.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 1,599.5</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
15
17
3
17
5
10
5
7
3
5
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">A 10% strengthening (weakening) of the U.S. dollar against the following currencies would have decreased (increased) the Company’s net loss from the financial instruments presented by the amounts shown below.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt">  </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 76%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt/10pt Calibri,sans-serif"> (in millions of U.S. dollars)</td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  2017</td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94"> 2016</td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Impact of 10% change in foreign exchange rates</b></font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Canadian dollar</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 24.6</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">20.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Australian dollar</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>(0.6)</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">4.6</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Mexican peso</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">1.8</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">A 10% change in commodity prices would impact the Company’s net earnings before taxes and other comprehensive income before taxes as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31, 2017</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31, 2016</font></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 52%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Net<br/> Earnings</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Other<br/> Comprehensive<br/> Income</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Net<br/> Earnings</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Other<br/> Comprehensive<br/> Income</div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 8pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Impact of 10% change in commodity prices</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-TOP: 8pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-TOP: 8pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-TOP: 8pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-TOP: 8pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Gold price</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 52.5</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 47.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Copper price</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 9.0</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 22.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Silver price</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Fuel price</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 3.5</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.1</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">25. Operating leases</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Non-cancellable operating lease rentals are payable as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif; COLOR: white" align="right"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 3pt" colspan="2"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 76%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt/10pt Calibri,sans-serif">(in millions of U.S. dollars)</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94"> 2017</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">2016</td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Non-cancellable operating lease rentals</b></font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><font style="COLOR: black">Less than 1 year</font></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 2.0</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>1.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><font style="COLOR: black">Between 1 and 5 years</font></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 5.0</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>0.7</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><font style="COLOR: black">More than 5 years</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 3.2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>-</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Total non-cancellable operating lease rentals</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 10.2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2.6</div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">For the year ended December 31, 2017, an amount of $9.0 million was recognized as an expense in profit or loss in respect of operating leases (2016 - $7.7 million).</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Non-cancellable operating lease rentals are payable as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif; COLOR: white" align="right"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 3pt" colspan="2"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 76%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt/10pt Calibri,sans-serif">(in millions of U.S. dollars)</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94"> 2017</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">2016</td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Non-cancellable operating lease rentals</b></font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><font style="COLOR: black">Less than 1 year</font></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 2.0</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>1.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><font style="COLOR: black">Between 1 and 5 years</font></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 5.0</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>0.7</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><font style="COLOR: black">More than 5 years</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 3.2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>-</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Total non-cancellable operating lease rentals</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 10.2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2.6</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">24. Provisions</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In addition to the environmental rehabilitation provision in Note 18, provisions include the cash-settled portion of the Company’s PSUs and RSUs as well as employee benefits. The following table presents changes in provisions:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="3"> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 52%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt/10pt Calibri,sans-serif">(in millions of U.S. dollars)</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">Performance<br/> share units</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">Restricted<br/> share units</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">Employee<br/> benefits</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">Total</td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><font style="COLOR: #4f81bd"><b><i>As at December 31, 2015</i></b></font></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 0.8</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 1.6</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 7.9</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 10.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Additional provisions recognized</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2.1</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 5.2</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 3.3</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 9.7</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Used during the year</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(0.8)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (3.8)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (2.0)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (5.9)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Foreign exchange</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (0.1)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (0.2)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (0.3)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><font style="COLOR: #4f81bd"><b><i>As at December 31, 2016</i></b></font></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2.1</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2.9</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>9.0</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>14.0</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Less: current portion</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (2.0)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (2.0)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Non-current portion of provisions</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 2.1</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 0.9</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 9.0</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>12.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Additional provisions recognized</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 0.4</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 3.8</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 2.8</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 7.0</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Used during the year</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (0.7)</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (3.5)</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (3.3)</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (7.5)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Foreign exchange</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 0.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 0.6</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><font style="COLOR: #4f81bd"><b><i>As at December 31, 2017</i></b></font></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 1.8</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 3.2</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 9.1</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 14.1</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Less: reclassified as liabilities held for sale</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>-</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (1.7)</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (9.1)</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (10.8)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Less: current portion</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>-</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (0.7)</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>-</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (0.7)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div>Non-current portion of provisions</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><b> 1.8</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><b> 0.8</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><b> 2.6</b></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The following table presents changes in provisions:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="3"> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 52%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt/10pt Calibri,sans-serif">(in millions of U.S. dollars)</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">Performance<br/> share units</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">Restricted<br/> share units</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">Employee<br/> benefits</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">Total</td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><font style="COLOR: #4f81bd"><b><i>As at December 31, 2015</i></b></font></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 0.8</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 1.6</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 7.9</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 10.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Additional provisions recognized</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2.1</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 5.2</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 3.3</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 9.7</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Used during the year</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(0.8)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (3.8)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (2.0)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (5.9)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Foreign exchange</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (0.1)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (0.2)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (0.3)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><font style="COLOR: #4f81bd"><b><i>As at December 31, 2016</i></b></font></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2.1</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2.9</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>9.0</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>14.0</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Less: current portion</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (2.0)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (2.0)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Non-current portion of provisions</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 2.1</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 0.9</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 9.0</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>12.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Additional provisions recognized</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 0.4</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 3.8</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 2.8</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 7.0</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Used during the year</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (0.7)</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (3.5)</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (3.3)</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (7.5)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Foreign exchange</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 0.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 0.6</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><font style="COLOR: #4f81bd"><b><i>As at December 31, 2017</i></b></font></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 1.8</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 3.2</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 9.1</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 14.1</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Less: reclassified as liabilities held for sale</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>-</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (1.7)</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (9.1)</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (10.8)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Less: current portion</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>-</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (0.7)</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>-</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (0.7)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div>Non-current portion of provisions</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><b> 1.8</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><b> 0.8</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><b> -</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><b> 2.6</b></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
14100000
1800000
3200000
9100000
10300000
800000
1600000
7900000
14000000
2100000
2900000
9000000
153700000
0
0
0
0
230000000
500000000
300000000
292900000
252500000
43500000
100800000
100800000
47800000
290500000
277700000
24700000
52400000
54800000
158600000
1767100000
1599500000
221900000
383200000
655600000
506400000
2000
4000
1600000
3000000
2000000
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">23. Fair value measurement</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Fair value is the price that would be received when selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In assessing the fair value of a particular contract, the market participant would consider the credit risk of the counterparty to the contract. Consequently, when it is appropriate to do so, the Company adjusts the valuation models to incorporate a measure of credit risk. Fair value represents management's estimates of the current market value at a given point in time.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company has certain financial assets and liabilities that are held at fair value. The fair value hierarchy establishes three levels to classify the inputs to valuation techniques used to measure fair value. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices in markets that are not active, quoted prices for similar assets or liabilities in active markets, inputs other than quoted prices that are observable for the asset or liability (for example, interest rate and yield curves observable at commonly quoted intervals, forward pricing curves used to value currency and commodity contracts), or inputs that are derived principally from or corroborated by observable market data or other means. Level 3 inputs are unobservable (supported by little or no market activity). The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">There were no transfers among Levels 1, 2 and 3 during the year ended December 31, 2017 or the year ended December 31, 2016. The Company’s policy is to recognize transfers into and transfers out of fair value hierarchy levels as of the date of the event or change in circumstances that caused the transfer.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Valuation methodologies for Level 2 and 3 financial assets and liabilities:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: 10pt Calibri,sans-serif; COLOR: #365f91" align="justify">Provisionally priced contracts and gold and copper swap contracts</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The fair value of the provisionally priced contracts and the gold and copper swap contracts is calculated using the mark-to-market forward prices of London Metals Exchange gold and copper based on the applicable settlement dates of the outstanding provisionally priced contracts and copper swap contracts.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif; COLOR: #365f91" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: 10pt Calibri,sans-serif; COLOR: #365f91" align="justify">Gold and copper price option contracts and copper forward contracts</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The fair value of the gold and copper price option contracts and copper forward contracts are calculated using the mark-to-market method based on fair value prices obtained from the counterparties of the gold price option contracts, copper price option contracts and copper forward contracts.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif; COLOR: #365f91" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: 10pt Calibri,sans-serif; COLOR: #365f91" align="justify">Gold stream obligation</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The fair value of the gold stream obligation is calculated using the risk-free interest rate derived from the fifteen-year U.S. Treasury rate, forward metal prices, company specific credit spread based on the yield on the Company’s 2025 Senior Unsecured Notes, and expected gold and silver ounces to be delivered from the Rainy River project life of mine model.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif; COLOR: #365f91" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: 10pt Calibri,sans-serif; COLOR: #365f91" align="justify">Performance share units (PSU)</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The fair value of the PSU liability is calculated using the quantity of base options subject to cash settlement, the weighted-average three-year achieved performance ratio (calculated using the annualized return of the Company’s share price compared to the annualized return of the S&P Global Gold Index) and the expected share price at the end of the vesting period.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table summarizes the Company’s financial assets and liabilities by category and information about financial assets and liabilities measured at fair value on a recurring basis in the statement of financial position categorized by level of significance of the inputs used in making the measurements:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31, 2017</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31, 2016</font></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-BOTTOM: 4pt; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 26%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt; PADDING-TOP: 4pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-BOTTOM: 4pt; PADDING-LEFT: 5.4pt; WIDTH: 34%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-TOP: 4pt"> <div style="CLEAR:both;CLEAR: both">Category</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 4pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-TOP: 4pt"> <div style="CLEAR:both;CLEAR: both">Level</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 4pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-TOP: 4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 4pt; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-TOP: 4pt"> <div style="CLEAR:both;CLEAR: both">Level</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 4pt; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-TOP: 4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> FINANCIAL ASSETS</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Cash and cash equivalents</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Loans and receivables at amortized cost</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 216.2</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 185.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Trade and other receivables</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Loans and receivables at amortized cost</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 29.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 41.6</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Provisionally priced contracts</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial instruments at FVTPL</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.2</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 4.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Gold and copper swap contracts</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial instruments at FVTPL</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (6.1)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (9.0)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Gold price option contracts</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial Instruments at FVTPL</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">17.6</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Investments</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial instruments at FVTPL</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Copper forward contracts  </div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial instruments at FVTPL</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> FINANCIAL LIABILITIES</b></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Trade and other payables<sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial liabilities at amortized cost</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 146.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 168.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Long-term debt</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial liabilities at amortized cost</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1,007.7</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 889.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Warrants</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial Instruments at FVTPL</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Gold stream obligation</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial Instruments at FVTPL</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 273.5</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 246.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Diesel swap contracts</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial liability at fair value through OCI</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Performance share units</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial Instruments at FVTPL</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.8</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Restricted share units</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial instruments at FVTPL</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.8</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.9</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Copper price option contracts</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial instruments at FVTPL</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Trade and other payables exclude the short-term portion of reclamation and closure cost obligations, copper forward contracts and the short-term portion of the gold stream obligation.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The carrying values and fair values of the Company’s financial instruments are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31, 2017</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31, 2016</font></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 52%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 7pt"> <i>(in millions of U.S. dollars)</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>Carrying</b></font><br/> <font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>Fair value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>Carrying</b></font><br/> <font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>Fair value</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> FINANCIAL ASSETS</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Cash and cash equivalents</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 216.2</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 216.2</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  185.9</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  185.9</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Trade and other receivables</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 29.0</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 29.0</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  41.6</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  41.6</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Provisionally priced contracts</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 4.2</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 4.2</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  4.5</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  4.5</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Gold and copper swap contracts</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (6.1)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (6.1)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  (9.0)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  (9.0)</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Investments</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.0</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.0</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  1.1</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  1.1</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Gold price option contracts</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  17.6</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  17.6</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Copper forward contracts  </font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 0.3</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 0.3</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> FINANCIAL LIABILITIES</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Trade and other payables<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 146.0</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 146.0</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  168.3</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  168.3</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Long-term debt</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1,007.7</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1,064.3</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  889.5</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  920.0</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Gold stream obligation</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 273.5</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 273.5</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  246.5</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  246.5</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Share purchase warrants</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  1.3</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  1.3</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Diesel swap contracts</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  0.1</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  0.1</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Performance share units</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.8</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.8</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  2.1</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  2.1</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Restricted share units</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>0.8</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>0.8</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  0.9</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  0.9</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Copper price option contracts  </font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>4.1</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>4.1</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> -</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> -</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Trade and other payables exclude the short-term portion of reclamation and closure cost obligation, copper price option contracts and the short-term portion of the gold stream obligation.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The following table summarizes the Company’s financial assets and liabilities by category and information about financial assets and liabilities measured at fair value on a recurring basis in the statement of financial position categorized by level of significance of the inputs used in making the measurements:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31, 2017</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31, 2016</font></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-BOTTOM: 4pt; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 26%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt; PADDING-TOP: 4pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-BOTTOM: 4pt; PADDING-LEFT: 5.4pt; WIDTH: 34%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-TOP: 4pt"> <div style="CLEAR:both;CLEAR: both">Category</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 4pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-TOP: 4pt"> <div style="CLEAR:both;CLEAR: both">Level</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 4pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-TOP: 4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 4pt; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-TOP: 4pt"> <div style="CLEAR:both;CLEAR: both">Level</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 4pt; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-TOP: 4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> FINANCIAL ASSETS</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Cash and cash equivalents</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Loans and receivables at amortized cost</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 216.2</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 185.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Trade and other receivables</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Loans and receivables at amortized cost</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 29.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 41.6</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Provisionally priced contracts</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial instruments at FVTPL</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.2</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 4.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Gold and copper swap contracts</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial instruments at FVTPL</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (6.1)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (9.0)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Gold price option contracts</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial Instruments at FVTPL</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">17.6</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Investments</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial instruments at FVTPL</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Copper forward contracts  </div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial instruments at FVTPL</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> FINANCIAL LIABILITIES</b></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Trade and other payables<sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial liabilities at amortized cost</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 146.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 168.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Long-term debt</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial liabilities at amortized cost</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1,007.7</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 889.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Warrants</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial Instruments at FVTPL</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Gold stream obligation</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial Instruments at FVTPL</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 273.5</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 246.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Diesel swap contracts</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial liability at fair value through OCI</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>2</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Performance share units</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial Instruments at FVTPL</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>3</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.8</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Restricted share units</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial instruments at FVTPL</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.8</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.9</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Copper price option contracts</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Financial instruments at FVTPL</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Trade and other payables exclude the short-term portion of reclamation and closure cost obligations, copper forward contracts and the short-term portion of the gold stream obligation.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
April 15, 2020
U.S. dollars
4100000
1300000
1300000
4100000
300000
1.0
2500000
5.5
November 15, 2022
November 15, 2025
4.7 : 1
5.7 : 1
>3.0 : 1
3.1 : 1
2.6 : 1
<4.0 : 1
500000000
216200000
29000000
4200000
-6100000
0
1000000
0
185900000
41600000
4500000
-9000000
17600000
1100000
300000
146000000
1007700000
0
273500000
0
1800000
800000
4100000
168300000
889500000
1300000
246500000
100000
2100000
900000
0
3300000
0
0
0
0
0
4200000
0
0
33000000
0
300000
100000
-13900000
10500000
4400000
-300000
-192400000
55400000
56300000
-9200000
-38900000
27100000
0
0
0
0
0
0
0
-6300000
0
54500000
34400000
-15600000
0
0
0
0
0
0
0
1600000
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"></div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 40%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 8pt" color="#f0ffff">Three months<br/> ended</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 8pt" color="#f0ffff">Three months<br/> ended</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 8pt" color="#f0ffff">Three months<br/> ended</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt" color="#f0ffff">Three months<br/> ended</font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 8pt Calibri,sans-serif; COLOR: white" align="right"><font style="FONT-SIZE: 8pt" color="#f0ffff">Year ended</font></div> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 8pt Calibri,sans-serif; COLOR: white" align="right"> </div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 7pt"><i>(in millions of U.S. dollars)</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94"> <b>March 31,</b></font><br/> <font style="COLOR: #005b94"><b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94"> <b>June 30,</b></font><br/> <font style="COLOR: #005b94"><b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94"> <b>September 30,</b></font><br/> <font style="COLOR: #005b94"><b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94"> <b>December 31,</b></font><br/> <font style="COLOR: #005b94"><b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94"> <b>December 31,</b></font><br/> <font style="COLOR: #005b94"><b>2016</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt">Impact on net earnings (Loss)</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Net earnings (loss) before revision</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">26.8</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(8.8)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">5.1</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(19.9)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>2.7</b></font></td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Revision to depreciation and depletion</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(3.4)</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"> (4.1)</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(3.4)</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(4.1)</font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>(15.0)</b></font></td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Revision to income tax recovery (expense)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">2.2</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(1.0)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">2.4</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">1.7</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>5.3</b></font></td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Revision to net earnings (loss)  </font> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(1.2)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(5.1)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(1.0)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(2.4)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>(9.7)</b></font></td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Revised net earnings (loss)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">25.6</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(13.9)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">4.1</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(22.3)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>(7.0)</b></font></td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Basic weighted average number of shares outstanding (in millions)</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">509.6</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">511.2</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">513.0</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">513.3</font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>511.8</b></font></td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><i>Dilution of securities:</i></font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Stock options</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">1.1</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">-</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">2.8</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">-</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>-</b></font></td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Diluted weighted average number of shares outstanding (in millions)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">510.7</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">511.2</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">515.8</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">513.3</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>511.8</b></font></td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><i>Net earnings (loss) per share before revision:</i></font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Basic</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">0.05</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.02)</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">0.01</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.04)</font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>0.01</b></font></td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Diluted<sup style="font-style:normal">(1)</sup></font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">0.05</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.02)</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">0.01</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.04)</font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>0.01</b></font></td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><i>Impact of revision to net earnings (loss) per share:</i></font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid">  </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid">  </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Basic</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">-</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.01)</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">-</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">-</font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>(0.02)</b></font></td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Diluted<sup style="font-style:normal">(1)</sup></font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">-</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.01)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">-</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">-</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>(0.02)</b></font></td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><i>Revised net earnings (loss) per share:</i></font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Basic</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">0.05</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.03)</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">0.01</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.04)</font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>(0.01)</b></font></td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Diluted<sup style="font-style:normal">(1)</sup></font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">0.05</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.03)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">0.01</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.04)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>(0.01)</b></font></td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>For the periods in which the Company records a loss, diluted loss per share is calculated using the basic weighted average number of shares outstanding, as using the diluted weighted average number of shares outstanding in the calculation would be anti-dilutive. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></i></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
13900000
-10500000
21800000
31100000
4400000
0
-18200000
-18200000
41400000
6600000
-31500000
0
-3400000
-4100000
-3400000
-4100000
-15000000
0
2200000
-1000000
2400000
1700000
5300000
32600000
0.21
0.35
509600000
511200000
513000000
513300000
0.115
0.120
1100000
0
2800000
0
510700000
511200000
515800000
513300000
0.01
-0.02
0.05
-0.04
0.01
0.01
-0.04
0.01
-0.02
0.05
15400000
5300000
400000
24500000
0
26600000
24000000
2600000
32000000
0
0
0
32000000
-48600000
0
0
0
0
-178500000
-9800000
-161400000
-300000
0
-159300000
0
-105400000
0
0
20400000
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">27. Commitments and contingencies</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company has entered into a number of contractual commitments for capital items relating to operations and development. At December 31, 2017, these commitments totalled $51.4 million, $48.5 million of which is expected to fall due over the next 12 months. This compares to commitments of $130.2 million as at December 31, 2016, $103.2 million of which was expected to fall due over the upcoming year. Certain contractual commitments may contain cancellation clauses; however, the Company discloses its commitments based on management’s intent to fulfill the contracts.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
51400000
130200000
48500000
103200000
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The remuneration of the Company’s key management personnel<sup style="font-style:normal">(1)</sup> was as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="2"> <div><font style="FONT-SIZE: 8pt"><font color="#f0ffff">Year ended <font color="#f0ffff">December 31</font></font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 76%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 7pt"> <i>(in millions of U.S. dollars)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> 2017</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2016</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b>Key management personnel remuneration</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Short-term benefits<sup style="font-style:normal">(2)</sup></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 2.5</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 3.4</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Post-employment benefits</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Other long-term benefits</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Share-based payments</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 2.4</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 4.0</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Termination benefits</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.5</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 1.2</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Total key management personnel remuneration</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 6.4</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 2.25pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 8.7</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; WIDTH: 100%; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-STYLE: normal">1.</font></div> </td> <td style="TEXT-ALIGN: left"> <div style="CLEAR:both;CLEAR: both">Key management personnel are those persons having authority and responsibility for planning, directing, and controlling the activities of the Company.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">2.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Short-term benefits include salaries, bonuses payable within twelve months of the Statement of Financial Position date and other annual employee benefits.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">15. Share capital</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">At December 31, 2017, the Company had unlimited authorized common shares and 578.6 million common shares outstanding.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(a) No par value common shares issued</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Number</font> <font color="#f0ffff">of shares</font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 75%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars, except where noted)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">(000s)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">$</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b>No par value common shares issued</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Balance at December 31, 2015</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 509,469</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 2,841.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Exercise of options and vested performance share units</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 3,827</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 16.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Issuance of shares under First Nations agreements and land purchases</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 329</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Acquisition of Bayfield Ventures Corp.</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 84</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 0.4</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Balance at December 31, 2016</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 513,709</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 2,859.0</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">Issuance of common shares on equity offering<sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 61,740</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 166.6</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">Issuance of common shares under First Nations agreements</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 2,767</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 9.5</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">Exercise of options and vested performance share units (i)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 420</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1.4</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Balance at December 31, 2017</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 578,636</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 3,036.5</b></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">On March 10, 2017, the Company closed a bought deal financing and related agreements and issued 61.7 million common shares at a price of $2.80 per share. Proceeds of $172.9 million are included within equity net of equity issuance costs of $8.2 million and the associated deferred tax recovery of $1.9 million.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif; COLOR: #005b94" align="left"><b> </b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(b) Share-based payment expenses</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table summarizes share-based payment expenses:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 74%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Share-based payment expenses</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Stock option expense (i)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 2.6</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">3.6</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Performance share unit expense (ii)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1.4</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">3.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Restricted share unit expense<sup style="font-style:normal">(1)</sup>(iii)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1.2</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">2.7</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Deferred share unit expense (iv)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">0.7</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Common shares issued under First Nations agreements<sup style="font-style:normal">(2)</sup></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 2.1</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total share-based payment expenses</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 8.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">10.5</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">For the year ended December 31, 2017, $1.1 million (2016 - $2.2 million) of restricted share unit expense and $2.1 million (2016 – nil) of common shares issued under First Nations agreements expense was recognized in operating expenses.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">2.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">For the years ended December 31, 2017 and 2016, common shares issued under First Nations agreements prior to the commencement of commercial production at Rainy River have been capitalized to mining interests.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(i) Stock options</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Under the Company’s Stock Option Plan (the “Plan”), the maximum number of shares reserved for exercise of all options granted by the Company under the Plan and for all other security-based compensation arrangements, other than the performance share units, must not exceed 3.5% of the Company’s shares issued and outstanding at the time the options are granted. The exercise price of certain options granted under the Plan is the five-day volume weighted average share price preceding the grant date. Other options have the exercise price equal to the share price on the date of issuance. Options granted under the Plan expire no later than the fifth or seventh anniversary of the date the options were granted and vesting provisions for issued options are determined at the discretion of the Board. Options granted under the Plan are settled for equity. The Company has incorporated an estimated forfeiture rate for stock options that will not vest.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="left"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table presents changes in the Plan:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Number</font> <font color="#f0ffff">of options</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Weighte</font><font color="#f0ffff">d average</font><br/> <font color="#f0ffff">exercise</font> <font color="#f0ffff"> price</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">(000s)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">C$/share</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Changes to the plan</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Balance at December 31, 2015</i></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">16,998</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">5.76</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Granted</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2,676</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">4.42</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Exercised</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(3,626)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">3.49</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Forfeited</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(1,014)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">8.16</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Expired</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(179)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">10.74</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Balance at December 31, 2016</i></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>14,855</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>5.84</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Granted</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>1,957</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>3.88</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Exercised</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>(235)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>3.31</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Forfeited</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>(985)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>5.01</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Expired</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>(2,505)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>8.87</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Balance at December 31, 2017</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b>13,087</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b>5.08<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The weighted average fair value of the stock options granted during the year ended December 31, 2017 was C$1.69 (2016 – C$1.67). Options were priced using a Black-Scholes option-pricing model. Expected volatility is measured as the annualized standard deviation of stock price returns, based on historical movements of the Company’s share price. The grant date fair value will be amortized as part of compensation expense over the vesting period.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The Company had the following weighted average assumptions in the Black-Scholes option-pricing model:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 46%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Grant price</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>C$3.88</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">C$4.44</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Expected dividend yield</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Expected volatility</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>54.2%</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">49.8%</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Risk-free interest rate</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>1.57%</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">1.37%</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Expected life of options</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>4.4 years</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">3.7 years</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Fair value</div> </td> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>C$1.69</b></div> </td> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">C$1.67<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">At December 31, 2017 the Company had 8.7 million stock options that were exercisable with a weighted average exercise price of C$5.65 (2016 – 8.7 million with a weighted average exercise price of C$6.99). For the year ended December 31, 2017, the weighted average share price on the date of exercise was C$4.16 (2016 – C$5.47). The options vest one third per year over a three-year period beginning on the first anniversary of the grant date.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table summarizes information about the stock options outstanding as at December 31, 2017:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Options</font> <font color="#f0ffff"> outstanding</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Options</font> <font color="#f0ffff"> exercisable</font></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 22%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Weighted</font> <font color="#f0ffff"> avg.</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">rema</font><font color="#f0ffff">ining</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">contractual</font> <font color="#f0ffff"> life</font></font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Number</font> <font color="#f0ffff">of</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">opti</font><font color="#f0ffff">ons</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">outst</font><font color="#f0ffff">anding</font></font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Weighted</font> <font color="#f0ffff"> avg.</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">exercise</font> <font color="#f0ffff"> price</font></font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt">Weighted avg.</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"> remaining</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt">contractual life</font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Number</font> <font color="#f0ffff"> of options</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">outstand</font><font color="#f0ffff">ing</font></font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Weighted</font> <font color="#f0ffff"> avg.</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">exercise</font> <font color="#f0ffff"> price</font></font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">Exercise price C$</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">(years)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">(000s)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">C$</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">(years)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">(000s)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">C$</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">3.00 - 3.99</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 3.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 4,925.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 3.55</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 2.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 2,023.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 3.35</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">4.00 - 4.99</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 2.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 3,985.3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 4.52</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 2.3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 2,695.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 4.64</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">5.00 - 5.99</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 2.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 622.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 5.64</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1.9</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 392.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 5.60</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">6.00 - 6.99</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1,269.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 6.34</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1,269.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 6.34</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">7.00 - 7.99</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 0.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1,443.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 7.65</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 0.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1,443.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 7.65</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">10.00 - 10.99</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 0.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 842.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 10.02</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 0.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 842.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 10.02</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total options</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 2.4</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 13,087.5</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 5.08</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 1.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 8,665.5</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 5.65<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(ii) Performance share units</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Performance share units (“PSUs”) are issued under the Company’s Long-Term Incentive Plan (“LTIP”). PSUs vest on the entitlement date, as determined by the Board in its discretion, which will not be later than December 31 of the year that is three years after the year of service to which the award relates (the “Entitlement Date” with respect to a PSU). In addition, at the time PSUs are granted, the Board makes the payment of such PSU subject to performance conditions or measures to be achieved by the Company, the Participant or a class of Participants, before the relevant Entitlement Date.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">For all PSUs granted to date, the number of shares to be issued or the amount of cash to be paid on the Entitlement Date of PSUs will vary based on “Achieved Performance”.  The Achieved Performance is a percentage from 50% to 150% that is multiplied by the number of PSUs granted to determine the number of shares to be issued and/or the amount of cash to be paid on the Entitlement Date.  Achieved Performance is calculated based on the difference (the “TSR Difference”) between New Gold’s total shareholder return (“TSR”) and the TSR of the S&P/TSX Global Gold Index (the “Index”) (i.e. New Gold’s TSR minus Index TSR) for each of four Measurement Periods (described below).  The Measurement Periods are as follows: (i) the first calendar year after the year of service to which the award relates; (ii) the second calendar year after the year of service to which the award relates; (iii) the period beginning at the start of the third calendar year after the year of service to which the award relates, but ending on a date before the relevant Entitlement Date (in order to allow sufficient time to calculate the Achieved Performance and, consequently, the number shares to be issued and/or cash to be paid on the Entitlement Date); and (iv) the period beginning on the first day of the first Measurement Period and ending on the last day of the third Measurement Period. The four Measurement Periods are equally weighted in determining the Achieved Performance for a particular PSU grant. </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">If New Gold’s TSR exceeds the TSR of the Index in a Measurement Period (i.e., the TSR Difference is greater than zero), the Achieved Performance for that period will be over 100%.  Similarly, if New Gold’s TSR is less than the TSR of the Index in a Measurement Period (i.e., the TSR Difference is less than zero), the Achieved Performance for that period will be less than 100%.  For the PSUs, the minimum Achieved Performance for any Measurement Period is 50% and the maximum is 150%.  To achieve the maximum Achieved Performance for a Measurement Period, the TSR Difference must be at least 20% (i.e., New Gold’s TSR minus the Index TSR ≥ 20%). </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">On the Entitlement Date, a PSU may be settled: (i) in cash equal to the five-day volume weighted average price of the Company’s common shares on the TSX multiplied by the number of PSUs and the Achieved Performance; or (ii) by the issuance of the equivalent number of common shares of New Gold as the number of PSUs multiplied by the Achieved Performance, or (iii) a combination of both. The Board may, in its discretion, grant PSUs that can only be satisfied by the issuance of common shares from treasury or by a cash payment or by a combination thereof.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The table below presents changes to the number of PSUs outstanding under the LTIP. The LTIP includes PSUs and restricted share units (“RSUs”).</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(iii) Restricted share units</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">RSUs are granted under the LTIP. Each RSU allows the recipient, subject to certain plan restrictions, to receive cash on the vesting date equal to the volume weighted average trading price of the Company’s common shares on the TSX for the five trading days prior to the vesting date. RSUs vest in three equal annual instalments commencing no later than 12 months from the end of the year for which the performance is being rewarded. As the Company is required to settle RSUs in cash, it will record an accrued liability and record a corresponding compensation expense. The RSU is a financial instrument that will be fair valued at each reporting date based on the five-day volume weighted average price of the Company’s common shares. The changes in fair value will be included in the compensation expense for that period. It is expected that the liability will be included in the determination of net earnings over the next 1.7 years (2016 – 1.7 years). The table below presents changes to the number of RSUs outstanding under the LTIP.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(iv) Deferred share units</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In 2010, the Company established a deferred share unit (“DSU”) plan for the purposes of strengthening the alignment of interests between eligible directors of the Company and shareholders by linking a portion of the annual director compensation to the future value of the Company’s common shares.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">A director is only entitled to payment in respect of the DSUs granted to him or her when the director ceases to be a director of the Company for any reason. On termination, the Company is required to redeem each DSU held by the director for payment in cash, being the product of: (i) the number of DSUs held by the director on ceasing to be a director and (ii) the greater of either (a) the weighted average trading price or (b) the average of daily high and low board lot trading prices of the Company’s common shares on the TSX for the five consecutive trading days immediately prior to the date of termination.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>As the Company is currently required to settle this award in cash, it will record an accrued liability and a corresponding compensation expense. DSUs are financial instruments that will be fair valued at each reporting date based on the Company’s share price. The table below presents changes to the LTIP and DSU plan:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="4"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 52%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">(in thousands of units)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">PSU ( # of units)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">RSU ( # of units)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">DSU ( # of units)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Changes to the LTIP and DSU plan</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Balance at December 31, 2015</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">3,775</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">3,451</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">375</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Granted</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">849</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">1,577</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">98</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Settled/Exercised</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">(542)</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">(1,315)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">(50)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Forfeited</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">(394)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">(369)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Balance at December 31, 2016</i></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><b> 3,688</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><b> 3,344</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b>423</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Granted</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 625</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1,134</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 283</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Settled/Exercised</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> (635)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> (1,281)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Forfeited</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> (914)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> (669)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Balance at December 31, 2017</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 2,764</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 2,528</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 706<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif; COLOR: #005b94" align="left"><b> </b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(c) Loss per share</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table sets out the calculation of diluted earnings per share:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 11pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 8pt Calibri,sans-serif; COLOR: white" align="right"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 7pt"> <i>(in millions of U.S. dollars, except where noted)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2017</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2016</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Calculation of diluted EARNINGS per share</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Loss from continuing operations</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (101.7)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  (8.6)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Net loss</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (108.0)</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  (7.0)</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 9pt Calibri,sans-serif">Basic weighted average number of shares outstanding</div> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 9pt Calibri,sans-serif">(in millions)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 564.7</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  511.8</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><i>Dilution of securities:</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Stock options</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 9pt Calibri,sans-serif">Diluted weighted average number of shares outstanding</div> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 9pt Calibri,sans-serif">(in millions)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 564.7</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  511.8</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><i>Loss  from continuing operations per share:</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Basic</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (0.18)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  (0.02)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Diluted</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (0.18)</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  (0.02)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><i>Net loss per share:</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Basic</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (0.19)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  (0.01)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Diluted</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (0.19)</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  (0.01)<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table lists the equity securities excluded from the calculation of diluted loss per share. Such equity securities were excluded as their respective exercise prices exceeded the average market price of the Company’s common shares of C$4.22 for the year ended December 31, 2017 (2016 – C$5.26).</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 11pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; PADDING-TOP: 2pt" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 7pt"> <i>(in millions of units)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2017</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2016</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Equity securities excluded from the calculation of diluted earnings per share</b></font></div> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Stock options</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 13.1</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  6.2</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Warrants<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  27.9</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>On June 28, 2017, New Gold’s share purchase warrants expired, unexercised.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(a) No par value common shares issued</div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Number</font> <font color="#f0ffff">of shares</font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 75%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars, except where noted)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">(000s)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">$</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b>No par value common shares issued</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Balance at December 31, 2015</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 509,469</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 2,841.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Exercise of options and vested performance share units</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 3,827</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 16.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Issuance of shares under First Nations agreements and land purchases</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 329</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Acquisition of Bayfield Ventures Corp.</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 84</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 0.4</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Balance at December 31, 2016</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 513,709</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 2,859.0</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">Issuance of common shares on equity offering<sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 61,740</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 166.6</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">Issuance of common shares under First Nations agreements</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 2,767</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 9.5</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">Exercise of options and vested performance share units (i)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 420</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1.4</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Balance at December 31, 2017</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 578,636</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 3,036.5</b></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">On March 10, 2017, the Company closed a bought deal financing and related agreements and issued 61.7 million common shares at a price of $2.80 per share. Proceeds of $172.9 million are included within equity net of equity issuance costs of $8.2 million and the associated deferred tax recovery of $1.9 million.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The following table summarizes share-based payment expenses:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 74%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Share-based payment expenses</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Stock option expense (i)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 2.6</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">3.6</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Performance share unit expense (ii)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1.4</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">3.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Restricted share unit expense<sup style="font-style:normal">(1)</sup>(iii)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1.2</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">2.7</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Deferred share unit expense (iv)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">0.7</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Common shares issued under First Nations agreements<sup style="font-style:normal">(2)</sup></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 2.1</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total share-based payment expenses</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 8.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">10.5</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">For the year ended December 31, 2017, $1.1 million (2016 - $2.2 million) of restricted share unit expense and $2.1 million (2016 – nil) of common shares issued under First Nations agreements expense was recognized in operating expenses.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">2.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">For the years ended December 31, 2017 and 2016, common shares issued under First Nations agreements prior to the commencement of commercial production at Rainy River have been capitalized to mining interests.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="left"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The following table presents changes in the Plan:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Number</font> <font color="#f0ffff">of options</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Weighte</font><font color="#f0ffff">d average</font><br/> <font color="#f0ffff">exercise</font> <font color="#f0ffff"> price</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">(000s)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">C$/share</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Changes to the plan</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Balance at December 31, 2015</i></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">16,998</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">5.76</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Granted</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2,676</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">4.42</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Exercised</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(3,626)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">3.49</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Forfeited</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(1,014)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">8.16</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Expired</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(179)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">10.74</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Balance at December 31, 2016</i></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>14,855</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>5.84</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Granted</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>1,957</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>3.88</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Exercised</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>(235)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>3.31</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Forfeited</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>(985)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>5.01</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Expired</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>(2,505)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>8.87</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Balance at December 31, 2017</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b>13,087</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b>5.08</b></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company had the following weighted average assumptions in the Black-Scholes option-pricing model:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 46%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Grant price</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>C$3.88</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">C$4.44</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Expected dividend yield</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Expected volatility</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>54.2%</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">49.8%</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Risk-free interest rate</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>1.57%</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">1.37%</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Expected life of options</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>4.4 years</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">3.7 years</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Fair value</div> </td> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>C$1.69</b></div> </td> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">C$1.67</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The following table summarizes information about the stock options outstanding as at December 31, 2017:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Options</font> <font color="#f0ffff"> outstanding</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Options</font> <font color="#f0ffff"> exercisable</font></font></div> </td> </tr> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 22%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Weighted</font> <font color="#f0ffff"> avg.</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">rema</font><font color="#f0ffff">ining</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">contractual</font> <font color="#f0ffff"> life</font></font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Number</font> <font color="#f0ffff">of</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">opti</font><font color="#f0ffff">ons</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">outst</font><font color="#f0ffff">anding</font></font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Weighted</font> <font color="#f0ffff"> avg.</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">exercise</font> <font color="#f0ffff"> price</font></font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt">Weighted avg.</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"> remaining</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt">contractual life</font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Number</font> <font color="#f0ffff"> of options</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">outstand</font><font color="#f0ffff">ing</font></font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; VERTICAL-ALIGN: bottom; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Weighted</font> <font color="#f0ffff"> avg.</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">exercise</font> <font color="#f0ffff"> price</font></font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">Exercise price C$</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">(years)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">(000s)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">C$</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">(years)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">(000s)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">C$</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">3.00 - 3.99</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 3.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 4,925.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 3.55</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 2.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 2,023.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 3.35</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">4.00 - 4.99</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 2.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 3,985.3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 4.52</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 2.3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 2,695.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 4.64</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">5.00 - 5.99</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 2.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 622.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 5.64</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1.9</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 392.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 5.60</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">6.00 - 6.99</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1,269.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 6.34</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1,269.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 6.34</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">7.00 - 7.99</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 0.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1,443.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 7.65</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 0.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1,443.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 7.65</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">10.00 - 10.99</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 0.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 842.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 10.02</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 0.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 842.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 10.02</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total options</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 2.4</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 13,087.5</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 5.08</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 1.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 8,665.5</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 5.65</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">As the Company is currently required to settle this award in cash, it will record an accrued liability and a corresponding compensation expense. DSUs are financial instruments that will be fair valued at each reporting date based on the Company’s share price. The table below presents changes to the LTIP and DSU plan:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="4"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 52%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">(in thousands of units)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">PSU ( # of units)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">RSU ( # of units)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 16%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">DSU ( # of units)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Changes to the LTIP and DSU plan</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Balance at December 31, 2015</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">3,775</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">3,451</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">375</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Granted</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">849</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">1,577</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">98</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Settled/Exercised</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">(542)</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">(1,315)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">(50)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Forfeited</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">(394)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">(369)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Balance at December 31, 2016</i></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><b> 3,688</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both"><b> 3,344</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b>423</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Granted</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 625</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1,134</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 283</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Settled/Exercised</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> (635)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> (1,281)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Forfeited</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> (914)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> (669)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Balance at December 31, 2017</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 2,764</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 2,528</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 706</b></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The following table sets out the calculation of diluted earnings per share:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 11pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 8pt Calibri,sans-serif; COLOR: white" align="right"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 7pt"> <i>(in millions of U.S. dollars, except where noted)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2017</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2016</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Calculation of diluted EARNINGS per share</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Loss from continuing operations</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (101.7)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  (8.6)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Net loss</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (108.0)</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  (7.0)</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 9pt Calibri,sans-serif">Basic weighted average number of shares outstanding</div> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 9pt Calibri,sans-serif">(in millions)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 564.7</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  511.8</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><i>Dilution of securities:</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Stock options</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> -</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 9pt Calibri,sans-serif">Diluted weighted average number of shares outstanding</div> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 9pt Calibri,sans-serif">(in millions)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 564.7</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  511.8</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><i>Loss  from continuing operations per share:</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Basic</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (0.18)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  (0.02)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Diluted</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (0.18)</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  (0.02)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><i>Net loss per share:</i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Basic</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (0.19)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  (0.01)</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Diluted</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (0.19)</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  (0.01)</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The following table lists the equity securities excluded from the calculation of diluted loss per share. Such equity securities were excluded as their respective exercise prices exceeded the average market price of the Company’s common shares of C$4.22 for the year ended December 31, 2017 (2016 – C$5.26).</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 11pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; PADDING-TOP: 2pt" colspan="5"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 7pt"> <i>(in millions of units)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2017</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2016</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Equity securities excluded from the calculation of diluted earnings per share</b></font></div> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Stock options</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 13.1</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  6.2</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Warrants<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="BORDER-BOTTOM: #c4bc96 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  27.9</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>On June 28, 2017, New Gold’s share purchase warrants expired, unexercised.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
509469000
2841000000
578636000
9500000
5.76
5.84
3.88
4.44
4.4
3.7
0.1
10.02
0.1
10.02
3.00
3.99
4.00
4.99
5.00
5.99
6.00
6.99
7.00
7.99
10.00
10.99
The options vest one third per year over a three-year period beginning on the first anniversary of the grant date.
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">11. Impairment</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In accordance with the Company’s accounting policies, the recoverable amount of an asset or CGU is estimated when an indication of impairment exists. As at December 31, 2017, indicators of impairment existed at the Rainy River CGU.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In January 2018, the Company announced higher expected operating expenses and capital expenditures over Rainy River’s first nine years of operations. The Company has identified the revised operating expense and capital expenditure estimates at Rainy River as an indicator of impairment as at December 31, 2017.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>For the year ended December 31, 2017, the Company recorded an after-tax impairment loss of $181.0 million within net loss, as noted below:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 8pt Calibri,sans-serif; COLOR: white" align="right"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31, 2017</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 71%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">Rainy River</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Impairment charge included within NET LOSS</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Rainy River depletable mining properties</font></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 268.4</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Tax recovery</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> (87.4)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Total impairment charge after tax</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 181.0</b></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In the prior year, indicators of impairment existed at the Rainy River CGU and for the Company’s 3% NSR royalty on the production of the Rio Figueroa property (“Rio Figueroa NSR”). The Company had identified the revised capital cost and three-month delay at the Rainy River project and the lack of activity on the Rio Figueroa project as indicators of impairment in the prior year and performed an impairment assessment to determine the recoverable amount of these CGUs at December 31, 2016. In the prior year, an impairment loss of $6.4 million was recorded relating to Rio Figueroa NSR. No impairment loss was recorded at Rainy River in the prior year as the carrying value exceeded the recoverable amount as at December 31, 2016.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>For the year ended December 31, 2016, the Company recorded an impairment charge of $6.4 million within net loss, as noted below:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="3"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 8pt Calibri,sans-serif; COLOR: white" align="right"><font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31, 2016</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 71%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt/10pt Calibri,sans-serif"> (in millions of U.S. dollars)</td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94"> Rio Figueroa<br/> NSR</td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Impairment charge included within NET LOSS</b></font></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Exploration and evaluation assets</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>6.4<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></b></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(i) Methodology and key assumptions</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Impairment is recognized when the carrying amount of a CGU exceeds its recoverable amount. A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. Each operating mine and development project represents a separate CGU as each mine site or project has the ability to, or the potential to, generate cash inflows that are separately identifiable and independent of each other. The Company has the following CGUs: New Afton, Mesquite, Peak Mines, Cerro San Pedro, Rainy River, and Blackwater. Other assets consist of corporate assets and exploration properties.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">As outlined in Note 2, the Company uses fair value less cost of disposal to determine the recoverable amount of an asset as it believes that this will generally result in a value greater than or equal to the value in use. When there is no binding sales agreement, fair value less costs of disposal is estimated as the discounted future after-tax cash flows expected to be derived from a mine site, less an amount for costs to sell estimated based on similar past transactions. The inputs used in the fair value measurement constitute Level 3 inputs under the fair value hierarchy.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(a) Rainy River CGU:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Key estimates and judgments include production levels, operating costs and other capital expenditures reflected in the Company’s LOM plans, the value of in-situ ounces and land holdings, as well as economic factors beyond management’s control, such as gold and silver prices, discount rates and foreign exchange rates. The Company considers this approach to be consistent with the valuation approach taken by market participants.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Life-of-Mine plans</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Estimated cash flows are based on LOM plans which estimate expected future production, commodity prices, exchange assumptions, operating costs and capital costs. The current LOM plan is 14 years. LOM plans use proven and probable mineral reserves only and do not utilize mineral resource estimates for a CGU. When options exist for the future extraction and processing of these resources, an estimate of the value of the unmined mineral resources (also referred to as in-situ ounces) is included in the determination of fair value.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">In-situ ounces</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In-situ ounces are excluded from the LOM plans due to the need to continually reassess the economic returns on and timing of specific production options in the current economic environment. The value of in-situ ounces has been estimated based on an enterprise value per equivalent resource ounce, with the enterprise value based on the market capitalization of a subset of publicly traded companies.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Discount rates</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">When discounting estimated future cash flows, the Company uses a real after-tax discount rate that is designed to approximate what market participants would assign. This discount rate is calculated using the Capital Assets Pricing Model (“CAPM”). The CAPM includes market participants’ estimates for equity risk premium, cost of debt, target debt to equity, risk-free rates and inflation. For the December 31, 2017 impairment analysis, a real discount rate of 4.00% was used (2016 - real discount rate of 5.50%).</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Commodity prices and exchange rates</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Commodity prices and exchange rates are estimated with reference to external market forecasts. The rates applied have been estimated using consensus commodity prices and exchange rate forecasts. For impairment analysis, <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>the following commodity prices and exchange rate assumptions were used:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31, 2017</font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31, 2016</font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 51%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">(in U.S. dollars, except where noted)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">2018 - 2022<br/> Average</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">Long term</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">2017 - 2021<br/> Average</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">Long term</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Commodity prices</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> Gold ($/ounce)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1,300</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1,300</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1,325</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1,300</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> Silver ($/ounce)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 19.16</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 19.25</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 19.66</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 20.00</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Exchange rates</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> CAD:USD</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1.24</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1.24</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1.31</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1.30</div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Significant judgments and assumptions are required in making estimates of fair value. It should be noted that CGU valuations are subject to variability in key assumptions including, but not limited to, long-term gold prices, currency exchange rates, discount rates, production, operating and capital costs. Any variation in one or more of the assumptions used to estimate fair value could result in a change in a CGU’s fair value.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(b) Rio Figueroa NSR:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Key estimates and judgments used in the fair value less cost of disposal calculation are estimates of production levels, probability of the project being developed and economic factors beyond management’s control, such as copper prices and discount rates.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(ii) Impact of impairment tests</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company calculated the recoverable amount of the Rainy River CGU using the fair value less cost of disposal method as noted above. For the year ended December 31, 2017, the Company recorded pre-tax impairment losses of $268.4 million, $181.0 million net of tax, within net loss. The fair value of the Rainy River CGU was negatively impacted by higher expected operating expenses and capital expenditures over the LOM.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">For the year ended December 31, 2016, the Company recorded impairment losses of $6.4 million related to the Rio Figueroa NSR, within net loss.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(iii) Sensitivity analysis</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">After effecting the impairment for the Rainy River CGU, the fair value of this CGU is assessed as being equal to its respective carrying amount as at December 31, 2017. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Any variation in the key assumptions used to determine fair value would result in a change of the assessed fair value. It is estimated that changes in the key assumptions would have the following approximate impact on the fair value of the Rainy River CGU at December 31, 2017:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31, 2017</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 72%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">Rainy River</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Impact of changes in the key assumptions used to determine fair value</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> $100 per ounce change in gold price</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 235.1</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> 0.5% change in discount rate</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 25.9</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> 5% change in exchange rate</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 106.5</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> 5% change in operating costs</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 90.3</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> 5% change in in-situ ounces</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 20.2</b></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">the following commodity prices and exchange rate assumptions were used:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31, 2017</font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31, 2016</font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 51%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">(in U.S. dollars, except where noted)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">2018 - 2022<br/> Average</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">Long term</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">2017 - 2021<br/> Average</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">Long term</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Commodity prices</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> Gold ($/ounce)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1,300</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1,300</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1,325</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1,300</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> Silver ($/ounce)</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 19.16</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 19.25</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 19.66</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 20.00</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Exchange rates</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> CAD:USD</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1.24</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1.24</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1.31</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1.30</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Any variation in the key assumptions used to determine fair value would result in a change of the assessed fair value. It is estimated that changes in the key assumptions would have the following approximate impact on the fair value of the Rainy River CGU at December 31, 2017:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31, 2017</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 72%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">Rainy River</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Impact of changes in the key assumptions used to determine fair value</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> $100 per ounce change in gold price</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 235.1</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> 0.5% change in discount rate</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 25.9</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> 5% change in exchange rate</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 106.5</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> 5% change in operating costs</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 90.3</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt"> 5% change in in-situ ounces</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 20.2</b></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
0.0050
0.0500
0.0500
0.0500
0.03
181000000
1.0478
1.0319
1.0159
1.00
10700000
300000000
294600000
5300000
2800000
0.06375
minimum interest coverage incurrence covenant of earnings before interest, taxes, depreciation, amortization, impairment, and other non-cash adjustments to interest of 2:1
400000000
4.0
3.5
4.0
3900000
1
230000000
138800000
122100000
120000
1250
1400
900000
170500000
161000000
94400000
90300000
-800000
-600000
-2900000
3900000
-49000000
0
-6000000
-2300000
4800000
6000000
46700000
-5600000
51500000
400000
-300000
3900000
140000
7500000
11000000
4600000
-276500000
-51100000
-24800000
-352400000
0
-50600000
-35100000
-35100000
-4200000
0
-4200000
-400000
-400000
0
-16500000
-1300000
5300000
-12500000
-315800000
-112800000
-26100000
-500000
-455200000
-142500000
-76100000
-12100000
400000
-230300000
0
92400000
48100000
9400000
19800000
2300000
1300000
173300000
14900000
0
15800000
5500000
-100000
500000
100000
36700000
0
6600000
4100000
0
3300000
14000000
0
0
400000
500000
900000
14900000
99000000
48100000
15800000
19000000
19700000
6500000
1900000
224900000
-187500000
-62700000
0
-100000
-250300000
-6400000
-3700000
0
0
-10100000
-100000
-100000
-36600000
-36600000
0
-5700000
0
0
-5700000
0
0
0
0
0
-24000000
0
-24000000
-144500000
-29300000
0
-173800000
-46300000
-32300000
0
-100000
-78700000
60600000
24300000
18200000
22200000
2900000
6100000
1300000
5600000
141200000
3500000
0
27000000
0
0
-100000
0
30400000
0
0
0
0
0
0
0
0
0
3500000
60600000
24300000
18200000
27000000
22200000
2900000
6100000
1200000
5600000
171600000
-6300000
1600000
3400000
10000000
1100000
85300000
9200000
109000000
16900000
7700000
18000000
120000
900000
9100000
11100000
62800000
46200000
61700000
2.80
172900000
3.00
3.37
8200000
1900000
2200000
1100000
2100000
0
-400000
0
-2100000
300000
-100000
-100000
24600000
70300000
5100000
-3900000
300000
-3900000
49000000
0
70900000
64900000
2100000
700000
-5800000
-8400000
67200000
57200000
-34700000
-11100000
100000
700000
-34600000
-10400000
32600000
46800000
400000
34000000
3000000
1100000
0
0
75000000
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>For the year ended December 31, 2017, the Company recorded an after-tax impairment loss of $181.0 million within net loss, as noted below:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt" colspan="3"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 8pt Calibri,sans-serif; COLOR: white" align="right"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31, 2017</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 71%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div style="CLEAR:both;CLEAR: both">Rainy River</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Impairment charge included within NET LOSS</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Rainy River depletable mining properties</font></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 268.4</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Tax recovery</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> (87.4)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Total impairment charge after tax</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 181.0</b></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> </div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">For the year ended December 31, 2016, the Company recorded an impairment charge of $6.4 million within net loss, as noted below:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" colspan="3"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 8pt Calibri,sans-serif; COLOR: white" align="right"><font style="FONT-SIZE: 10pt"> </font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31, 2016</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 71%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt/10pt Calibri,sans-serif"> (in millions of U.S. dollars)</td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94"> Rio Figueroa<br/> NSR</td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Impairment charge included within NET LOSS</b></font></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Exploration and evaluation assets</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>6.4<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></b></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> During the 12-month period beginning on November 15 of the years indicated at the redemption prices below, expressed as a percentage of the principal amount of the 2022 Unsecured Notes to be redeemed, plus accrued and unpaid interest, if any, to the redemption date: <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 74%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Date</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 26%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Redemption</font> <font color="#f0ffff">prices (%)</font></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2017</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>103.13%</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2018</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>102.08%</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2019</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>101.04%</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2020 and thereafter</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>100.00%</b></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> During the 12-month period beginning on May 15 of the years indicated at the redemption prices below, expressed as a percentage of the principal amount of the 2025 Unsecured Notes to be redeemed, plus accrued and unpaid interest, if any, to the redemption date: <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 73%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">D</font><font color="#f0ffff">ate</font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 27%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Redemption</font> <font color="#f0ffff">prices (%)</font></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2020</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>104.78%</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2021</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>103.19%</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2022</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>101.59%</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2023 and thereafter</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>100.00%</b></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The following is a summary of the changes in liabilities arising from financing activities for the year ended December 31, 2017:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="8"> <div> </div> </td> </tr> <tr> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 22%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 9pt">As at</font><br/> <font style="FONT-SIZE: 9pt">December</font><br/> <font style="FONT-SIZE: 9pt">31, 2016</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 9pt">Borrowings</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 9pt">Repayments</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 9pt">Fair Value</font><br/> <font style="FONT-SIZE: 9pt">changes</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 9pt">Interest &</font><br/> <font style="FONT-SIZE: 9pt">Accretion</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 9pt">Foreign</font><br/> <font style="FONT-SIZE: 9pt">Exchange</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 11%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 9pt">As at</font><br/> <font style="FONT-SIZE: 9pt">December</font><br/> <font style="FONT-SIZE: 9pt">31, 2017</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Liabilities arising from financing actvities</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Long-term debt</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 889.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 424.6</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (305.3)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (3.3)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 2.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -   </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 1,007.7</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Interest payable<sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 8.6</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (59.8)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> - </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 58.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -   </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 6.9</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Gold stream obligation</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 246.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> (2.4)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 29.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> -   </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 273.5</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div>Total</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> 1,144.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> 424.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> (367.5)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> 26.1</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> 60.3</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> -   </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><b> 1,288.1</b></div> </td> </tr> </table> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0in"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>For the purposes of this reconciliation, interest paid for the year ended December 31, 2017 excludes $3.9 million in standby fees on the Credit Facility and fees on the Company’s issued letters of credit.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">16. Discontinued operations</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In July 2017, the Company began a process for the sale of Peak Mines, its gold-copper mine located in Australia and upon commencement of the process met the criteria as a discontinued operation under IFRS 5. In November 2017, the Company entered into a binding agreement to sell Peak Mines and expects a sale within the first quarter of 2018. In conjunction with the agreement, the Company has received a $3.0 million prepayment from the buyer which has been recorded as a deferred benefit within current liabilities on the consolidated statement of financial position.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">For the year ended December 31, 2017, the net loss from Peak Mines is reported as loss from discontinued operations. Total assets and liabilities of Peak Mines (excluding any assets and liabilities which do not form part of the net assets being sold) are reported as assets and liabilities of held-for-sale, respectively, as at December 31, 2017 without restatement of the prior-year period comparative amounts. Upon classification of Peak Mines as held-for-sale, the Company ceased recognizing depreciation and depletion at Peak Mines for the year ended December 31, 2017.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">As at December 31, 2017, the Company has measured the asset group at the lower of carrying value and fair value less costs to sell (“FVLCS”). The expected purchase consideration was used as the basis for determining the fair value and an estimate of the disposal costs were used as the basis for the costs to sell. In performing this assessment, the Company concluded that the expected fair value less costs to sell of Peak Mines was lower than the carrying value. As a result, the Company recognized a pre-tax impairment loss of $49.0 million for the year ended December 31, 2017, inclusive of $0.4 million in incurred transaction costs to date (net of tax – $34.0 million). This impairment loss was entirely allocated to Peak Mines’ Mining Interests.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The net (loss) earnings from Peak Mines for the year ended December 31, 2017 are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars, except per share amounts)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> 2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> 2016</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Revenues</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 170.5</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">161.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Operating expenses</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 94.4</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">90.3</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Depreciation and depletion<sup style="font-style:normal">(1)</sup> <font style="COLOR: #4f81bd"> <i> </i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 24.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">70.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Revenue less cost of goods sold</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 51.5</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.4</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Exploration and business development</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.8</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">6.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Earnings (loss) from operations</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 46.7</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(5.6)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Finance costs</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.8)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(0.6)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other (losses) gains</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (2.9)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">3.9</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Impairment loss on held-for-sale assets</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (49.0)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Loss before taxes</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (6.0)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(2.3)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Income tax (expense) recovery</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.3)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">3.9</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>(Loss) earnings from discontinued operations</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (6.3)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1.6</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Depreciation and depletion relates to Peak Mines prior to reclassification as a discontinued operation.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.25in; FONT: 7pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.25in; FONT: 7pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The major classes of assets and liabilities of Peak Mines are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 85%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at De</font><font color="#f0ffff">cember 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> 2017</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Assets</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Trade and other receivables</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 3.4</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Inventories</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 10.0</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Current income tax receivable</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Prepaid expenses and other</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.1</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Mining interests</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 85.3</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Deferred tax assets</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 9.2</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1.5pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total assets held for sale</div> </td> <td style="BORDER-BOTTOM: #b3995d 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 109.0</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Trade and other payables</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 16.9</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Current income tax payable</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 7.7</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Reclamation and closure cost obligations</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>18.0</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Provisions</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 9.1</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Deferred tax liabilities</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 11.1</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total liabilities held for sale</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 62.8</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>Net assets held for sale</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 46.2</b></div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table provides details of the cash flow from operating and investing activities of Peak Mines for the year ended December 31, 2017 and prior-year comparative periods:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> 2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> 2016</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Operating activities</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Earnings from discontinued operations</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (6.3)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1.6</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Adjustments for:</i></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Reversal of inventory write-down</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.4)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Foreign exchange losses (gains)   </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (2.1)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Reclamation and closure costs paid</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.1)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(0.1)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Depreciation and depletion</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 24.6</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">70.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other non-cash adjustments</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 5.1</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(3.9)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Income tax (recovery) expense</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.3</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(3.9)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Finance costs</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.8</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.6</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Impairment loss on held-for-sale assets</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 49.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 70.9</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">64.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Change in non-cash operating working capital  </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.1</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.7</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Income taxes paid</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (5.8)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(8.4)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Cash generated from operations</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 67.2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">57.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Investing activities</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Mining interests</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (34.7)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(11.1)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Proceeds from the sale of assets</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.1</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.7</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Cash used by investing activities</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> (34.6)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">(10.4)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Change in cash and cash equivalents</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 32.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">46.8</div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The following table provides details of the cash flow from operating and investing activities of Peak Mines for the year ended December 31, 2017 and prior-year comparative periods:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> 2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> 2016</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Operating activities</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Earnings from discontinued operations</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (6.3)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1.6</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #4f81bd"> <i>Adjustments for:</i></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Reversal of inventory write-down</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.4)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Foreign exchange losses (gains)   </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (2.1)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Reclamation and closure costs paid</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.1)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(0.1)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Depreciation and depletion</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 24.6</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">70.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other non-cash adjustments</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 5.1</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(3.9)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Income tax (recovery) expense</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.3</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(3.9)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Finance costs</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.8</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.6</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Impairment loss on held-for-sale assets</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 49.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 70.9</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">64.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Change in non-cash operating working capital  </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 2.1</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.7</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Income taxes paid</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (5.8)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(8.4)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Cash generated from operations</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 67.2</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">57.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Investing activities</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Mining interests</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (34.7)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(11.1)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Proceeds from the sale of assets</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.1</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.7</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Cash used by investing activities</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> (34.6)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">(10.4)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Change in cash and cash equivalents</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 32.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">46.8</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
329000
1300000
109000000
0
62800000
0
34700000
11100000
601700000
567000000
100
33000000
0.0550
0
296100000
283400000
0
7300000
2.73
16300000
2600000
1400000
1200000
1000000
3600000
3500000
2700000
700000
24600000
70300000
-78700000
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The net (loss) earnings from Peak Mines for the year ended December 31, 2017 are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars, except per share amounts)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> 2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> 2016</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Revenues</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 170.5</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">161.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Operating expenses</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 94.4</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">90.3</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Depreciation and depletion<sup style="font-style:normal">(1)</sup> <font style="COLOR: #4f81bd"> <i> </i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 24.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">70.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Revenue less cost of goods sold</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 51.5</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.4</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Exploration and business development</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.8</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">6.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Earnings (loss) from operations</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 46.7</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(5.6)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Finance costs</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.8)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(0.6)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Other (losses) gains</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (2.9)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">3.9</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Impairment loss on held-for-sale assets</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (49.0)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Loss before taxes</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (6.0)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">(2.3)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Income tax (expense) recovery</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.3)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">3.9</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>(Loss) earnings from discontinued operations</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (6.3)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1.6</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>Depreciation and depletion relates to Peak Mines prior to reclassification as a discontinued operation.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.25in; FONT: 7pt Calibri,sans-serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The major classes of assets and liabilities of Peak Mines are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 85%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at De</font><font color="#f0ffff">cember 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> 2017</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Assets</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Trade and other receivables</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 3.4</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Inventories</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 10.0</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Current income tax receivable</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> -</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Prepaid expenses and other</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.1</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Mining interests</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 85.3</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Deferred tax assets</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 9.2</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1.5pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total assets held for sale</div> </td> <td style="BORDER-BOTTOM: #b3995d 1.5pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 109.0</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Liabilities</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Trade and other payables</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 16.9</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Current income tax payable</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 7.7</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Reclamation and closure cost obligations</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>18.0</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Provisions</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 9.1</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Deferred tax liabilities</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 11.1</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total liabilities held for sale</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 62.8</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>Net assets held for sale</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 46.2</b></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
161300000
135700000
54900000
50200000
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The carrying values and fair values of the Company’s financial instruments are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="3"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31, 2017</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31, 2016</font></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 52%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 7pt"> <i>(in millions of U.S. dollars)</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>Carrying</b></font><br/> <font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>Fair value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>Carrying</b></font><br/> <font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> value</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>Fair value</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> FINANCIAL ASSETS</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Cash and cash equivalents</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 216.2</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 216.2</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  185.9</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  185.9</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Trade and other receivables</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 29.0</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 29.0</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  41.6</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  41.6</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Provisionally priced contracts</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 4.2</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 4.2</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  4.5</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  4.5</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Gold and copper swap contracts</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (6.1)</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> (6.1)</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  (9.0)</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  (9.0)</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Investments</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.0</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.0</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  1.1</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  1.1</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Gold price option contracts</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  17.6</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  17.6</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Copper forward contracts  </font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 0.3</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 0.3</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> FINANCIAL LIABILITIES</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Trade and other payables<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 146.0</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 146.0</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  168.3</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  168.3</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Long-term debt</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1,007.7</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1,064.3</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  889.5</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  920.0</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Gold stream obligation</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 273.5</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 273.5</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  246.5</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  246.5</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Share purchase warrants</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  1.3</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  1.3</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Diesel swap contracts</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>-</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  0.1</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  0.1</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Performance share units</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.8</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.8</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  2.1</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  2.1</font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Restricted share units</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>0.8</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>0.8</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  0.9</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  0.9</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Copper price option contracts  </font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>4.1</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b>4.1</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> -</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> -</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Trade and other payables exclude the short-term portion of reclamation and closure cost obligation, copper price option contracts and the short-term portion of the gold stream obligation.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
166600000
1400000
1144600000
889500000
8600000
246500000
1288100000
1007700000
6900000
273500000
0
0
0
0
424600000
424600000
0
0
-367500000
-305300000
-59800000
-2400000
26100000
-3300000
0
29400000
60300000
2200000
58100000
0
2400000
300000
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">5. Revision to prior-year comparatives</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In the first quarter of 2017, the Company identified an immaterial error relating to depletion of its New Afton mining interest for the year ended December 31, 2016 resulting in a reduction in 2016 net earnings of $9.7 million.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The quarterly impact on the comparative consolidated income statement is outlined in the table below. The resulting overstatement of the mining interests balance of $15.4 million, overstatement of deferred tax liability of $5.3 million, and understatement of inventories totalling $0.4 million as at December 31, 2016 has been revised in the comparative consolidated statements of financial position and changes in equity, and the associated notes to the consolidated financial statements. There has been no change to the cash flows from operating, investing, and financing activities in the comparative consolidated statements of cash flow.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 40%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 8pt" color="#f0ffff">Three months<br/> ended</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 8pt" color="#f0ffff">Three months<br/> ended</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font style="FONT-SIZE: 8pt" color="#f0ffff">Three months<br/> ended</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 8pt" color="#f0ffff">Three months<br/> ended</font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 8pt Calibri,sans-serif; COLOR: white" align="right"><font style="FONT-SIZE: 8pt" color="#f0ffff">Year ended</font></div> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 8pt Calibri,sans-serif; COLOR: white" align="right"> </div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black; FONT-SIZE: 7pt"><i>(in millions of U.S. dollars)</i></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94"> <b>March 31,</b></font><br/> <font style="COLOR: #005b94"><b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94"> <b>June 30,</b></font><br/> <font style="COLOR: #005b94"><b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94"> <b>September 30,</b></font><br/> <font style="COLOR: #005b94"><b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94"> <b>December 31,</b></font><br/> <font style="COLOR: #005b94"><b>2016</b></font></div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94"> <b>December 31,</b></font><br/> <font style="COLOR: #005b94"><b>2016</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt">Impact on net earnings (Loss)</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Net earnings (loss) before revision</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">26.8</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(8.8)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">5.1</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(19.9)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>2.7</b></font></td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Revision to depreciation and depletion</font> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(3.4)</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"> (4.1)</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(3.4)</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(4.1)</font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>(15.0)</b></font></td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Revision to income tax recovery (expense)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">2.2</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(1.0)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">2.4</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">1.7</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>5.3</b></font></td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Revision to net earnings (loss)  </font> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(1.2)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(5.1)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(1.0)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(2.4)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>(9.7)</b></font></td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Revised net earnings (loss)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">25.6</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(13.9)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">4.1</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(22.3)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>(7.0)</b></font></td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Basic weighted average number of shares outstanding (in millions)</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">509.6</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">511.2</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">513.0</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">513.3</font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>511.8</b></font></td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><i>Dilution of securities:</i></font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Stock options</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">1.1</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">-</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">2.8</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">-</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>-</b></font></td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Diluted weighted average number of shares outstanding (in millions)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">510.7</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">511.2</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">515.8</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">513.3</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>511.8</b></font></td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><i>Net earnings (loss) per share before revision:</i></font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Basic</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">0.05</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.02)</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">0.01</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.04)</font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>0.01</b></font></td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Diluted<sup style="font-style:normal">(1)</sup></font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">0.05</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.02)</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">0.01</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.04)</font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>0.01</b></font></td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><i>Impact of revision to net earnings (loss) per share:</i></font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid">  </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid">  </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Basic</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">-</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.01)</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">-</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">-</font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>(0.02)</b></font></td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Diluted<sup style="font-style:normal">(1)</sup></font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">-</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.01)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">-</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">-</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>(0.02)</b></font></td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="COLOR: #4f81bd; FONT-SIZE: 9pt"><i>Revised net earnings (loss) per share:</i></font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif">  </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Basic</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">0.05</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.03)</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">0.01</font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.04)</font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>(0.01)</b></font></td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">Diluted<sup style="font-style:normal">(1)</sup></font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">0.05</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.03)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">0.01</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt">(0.04)</font></td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="FONT-SIZE: 9pt"><b>(0.01)</b></font></td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>For the periods in which the Company records a loss, diluted loss per share is calculated using the basic weighted average number of shares outstanding, as using the diluted weighted average number of shares outstanding in the calculation would be anti-dilutive. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
268400000
30900000
0
8300000
0
0
5100000
0
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">21. Capital risk management</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company manages its capital to ensure that it will be able to continue as a going concern while maximizing the return to stakeholders through the optimization of the debt and equity balance.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>In the management of capital, the Company includes the components of equity, long-term debt, net of cash and cash equivalents, and investments.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Year ended December 31</font></td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 76%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt/10pt Calibri,sans-serif">(in millions of U.S. dollars)</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94"> 2017</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">2016</td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Capital (as defined above) is summarized as follows</b></font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Equity</font></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 2,139.5</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 2,073.2</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Long-term debt</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1,007.7</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 889.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 3,147.2</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 2,962.7</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black">Cash and cash equivalents</font></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> (216.2)</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (185.9)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 2,931.0</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 2,776.8</div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company manages the capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying capital instruments. To maintain or adjust the capital structure, the Company may issue new shares, restructure or issue new debt, acquire or dispose of assets or sell its investments.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In order to facilitate the management of its capital requirements, the Company prepares annual budgets that are updated as necessary depending on various factors, including successful capital deployment and general industry conditions. The annual budget is approved by the Board of Directors. The Company’s investment policy is to invest its surplus funds in permitted investments consisting of treasury bills, bonds, notes and other evidences of indebtedness of Canada, the United States or any of the Canadian provinces with a minimum credit rating of R-1 mid from the Dominion Bond Rating Service (“DBRS”) or an equivalent rating from Standard & Poor’s and Moody’s and with maturities of 12 months or less at the original date of acquisition. In addition, the Company is permitted to invest in bankers’ acceptances and other evidences of indebtedness of certain financial institutions. All investments must have a maximum term to maturity of 12 months and the average term will generally range from seven days to 90 days. Under the policy, the Company is not permitted to make investments in asset-backed commercial paper.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>In the management of capital, the Company includes the components of equity, long-term debt, net of cash and cash equivalents, and investments.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Year ended December 31</font></td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 76%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt/10pt Calibri,sans-serif">(in millions of U.S. dollars)</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94"> 2017</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">2016</td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Capital (as defined above) is summarized as follows</b></font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Equity</font></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 2,139.5</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 2,073.2</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black"> Long-term debt</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1,007.7</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 889.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 3,147.2</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 2,962.7</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: black">Cash and cash equivalents</font></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> (216.2)</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (185.9)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 2,931.0</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 2,776.8</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">2. Significant accounting policies</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(a) Statement of compliance</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards, as issued by the International Accounting Standards Board (“IASB”), referred to as “IFRS”.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">These consolidated financial statements were approved by the Board of Directors of the Company on February 20, 2018.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(b) Basis of preparation</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The consolidated financial statements have been prepared on the historical cost basis except for those assets and liabilities that are measured at fair values at the end of each reporting period. Additionally, these consolidated financial statements have been prepared using the accrual basis of accounting, except for cash flow information.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(c) Basis of consolidation</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Subsidiaries</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">These consolidated financial statements incorporate the financial statements of the Company and entities controlled by the Company (“Subsidiaries”). Control exists when the Company is exposed, or has rights, to variable returns from its involvement with the Subsidiary and has the ability to affect those returns through its power over the Subsidiary.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Associates</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Associates are those entities in which the Company has significant influence over the financial and operating policies but not control and that is not a Subsidiary (“Associates”). Significant influence is normally presumed to exist when the Company holds between 20 and 50 percent of the voting power of another entity. The Company’s share of net assets and net earnings or loss is accounted for in the consolidated financial statements using the equity method.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #003f6b" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The principal Subsidiaries of the Company are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df; VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 30%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Name of subsidiary/associate</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Principal activity</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Method of</font></font></font></font></div> <div style="CLEAR:both;CLEAR: both"><font color="#fafafa"><font style="COLOR: transparent; FONT-SIZE: 8pt"></font></font><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">accounting</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"> Country of</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"> incorporation and</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"> operation</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"> Interest as at</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt">December 31,</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"> 2017</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"> Interest as at</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt">December  31,</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"> 2016</font></font></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Minera San Xavier S.A. de C.V.</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Mining</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Consolidated</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  Mexico</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  100%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  100%</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Peak Gold Mines Pty Ltd.<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Mining</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Consolidated</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  Australia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  100%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  100%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Western Mesquite Mines Inc.</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Mining</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Consolidated</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  USA</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  100%</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  100%</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>The Company has entered into an agreement to sell Peak Gold Mines Pty Ltd. As a result, the assets and liabilities associated with this subsidiary have been classified and presented as held-for-sale as at December 31, 2017.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(d) Business combinations and asset acquisitions</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">A business combination is an acquisition of assets and liabilities that constitute a business. A business is an integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing a return to the company and its shareholders in the form of improved earnings, lower costs or other economic benefits.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Business combinations are accounted for using the acquisition method whereby identifiable assets acquired and liabilities assumed, including contingent liabilities, are recorded at 100% of their acquisition-date fair values. The acquisition date is the date the Company obtains control over the acquiree, which is generally the date that consideration is transferred and the Company acquires the assets and assumes the liabilities of the acquiree. The Company considers all relevant facts and circumstances in determining the acquisition date.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Company, the liabilities, including contingent consideration, incurred and payable by the Company to former owners of the acquiree and the equity interests issued by the Company. The measurement date for equity interests issued by the Company is the acquisition date.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Acquisition-related costs, other than costs to issue debt or equity securities, of the Company, including investment banking fees, legal fees, accounting fees, valuation fees, and other professional or consulting fees are expensed as incurred. The costs to issue equity securities of the Company as consideration for the acquisition are reduced from share capital as share issue costs.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company accounts for the purchase of assets and assumption of liabilities as an acquisition of net assets when the transactions do not qualify as a business combination under IFRS 3, <i>Business Combinations,</i> as the significant inputs and processes that constitute a business are not identified. The purchase consideration is allocated to the fair value of the assets acquired and liabilities assumed based on management’s best estimates and available information at the time of the acquisition. Acquisition-related costs, other than costs to issue debt or equity securities, of the Company, including investment banking fees, legal fees, accounting fees, valuation fees, and other professional or consulting fees are capitalized as part of the asset acquisition.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(e) Cash and cash equivalents</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company considers all highly liquid investments with original maturities of three months or less at the date of acquisition to be cash equivalents. These highly liquid investments only comprise short-term Canadian and United States government treasury bills and other evidences of indebtedness and treasury bills of the Canadian provinces with a minimum credit rating of R-1 mid from the Dominion Bond Rating Service or an equivalent rating from Standard & Poor’s and Moody’s. In addition, the Company invests in bankers’ acceptances and other evidences of indebtedness of certain financial institutions, including Canadian banks.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(f) Inventories</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Finished goods, work-in-process, heap leach ore and stockpiled ore are valued at the lower of weighted average production cost or net realizable value. Production costs include the cost of raw materials, direct labour, mine-site overhead expenses and depreciation and depletion of mining interests. Net realizable value is calculated as the estimated price at the time of sale based on prevailing and long-term metal prices less estimated future production costs to convert the inventories into saleable form. At operations where ore extracted contains significant amount of metals other than gold, primarily copper or silver, cost is allocated between the joint products on a pro rata basis.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The recovery of gold and silver from certain ores is achieved through the heap leaching process. Under this method, ore is placed on leach pads where it is treated with a chemical solution which dissolves the gold contained in ore. The resulting “pregnant” solution is further processed in a plant where the gold is recovered. For accounting purposes, costs are added to ore on leach pads for current mining and leaching costs, including applicable depreciation, depletion and amortization relating to mining interests. Costs are removed from ore on leach pads as ounces of gold and silver are recovered based on the average cost per recoverable ounce on the leach pad.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Estimates of recoverable gold and silver on the leach pads are calculated from the quantities of ore placed on the leach pads (measured tonnes added to the leach pads), the grade of ore placed on the leach pads (based on assay data), and a recovery percentage (based on ore type). Although the quantities of recoverable gold and silver placed on each leach pad are reconciled by comparing the grades of ore placed on the leach pad to the quantities actually recovered, the nature of the leaching process inherently limits the ability to precisely monitor inventory levels. The recovery of gold and silver from the leach pad is not known until the leaching process has concluded. In the event that the Company determines, based on engineering estimates, that a quantity of gold or other metal (silver) contained in ore on leach pads is to be recovered over a period exceeding 12 months, that portion is classified as long-term.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Work-in-process inventory represents materials that are currently in the process of being converted into finished goods. The average production cost of finished goods represents the average cost of work-in-process inventories incurred prior to the refining process, plus applicable refining, selling, shipping costs and associated royalties.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Supplies are valued at the lower of weighted average cost and net realizable value.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(g) Mining interests</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Mining interests includes mining properties and related plant and equipment. Capitalized costs are depreciated and depleted using either a unit-of-production method over the estimated economic life of the mine to which they relate, or for plant and equipment, using the straight-line method over their estimated useful lives, if shorter than the mine life.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Mining properties</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The costs associated with mining properties are separately allocated to mineral reserves and mineral resources, and include acquired interests in production, development and exploration stage properties representing the fair value at the time they were acquired.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Mining properties include costs directly attributable to bringing a mineral asset into the state where it is capable of operating in the manner intended by management. The determination of development costs to be capitalized during the production stage of a mine operation requires the use of judgments and estimates.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The value associated with mineral resources and exploration potential is the value beyond proven and probable mineral reserves assigned through acquisition. The mineral resource value represents the property interests that are believed to potentially contain economic mineralized material such as measured, indicated, and inferred mineral resources with insufficient drill spacing to qualify as proven and probable mineral reserves, and inferred mineral resources in close proximity to proven and probable mineral reserves. Exploration potential represents the estimated mineralized material contained within (i) areas adjacent to existing reserves and mineralization located within the immediate mine area; (ii) areas outside of immediate mine areas that are not part of measured, indicated, or inferred resources; and (iii) Greenfields exploration potential that is not associated with any other production, development, or exploration stage property, as described above. At least annually or when otherwise appropriate, and subsequent to its review and evaluation for impairment, value from the non-depletable category is transferred to the depletable category as a result of an analysis of the conversion of mineral resources or exploration potential into mineral reserves.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company estimates its mineral reserves and mineral resources based on information compiled by appropriately qualified persons. The estimation of recoverable reserves will be impacted by forecast commodity prices, exchange rates, production costs and recoveries amongst other factors. Changes in the reserve or resource estimates may impact the carrying value of assets and depreciation and impairment charges recorded in the consolidated income statement.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">A mining property is considered to be capable of operating in a manner intended by management when it commences commercial production. The critical judgments included in the determination of the commencement of commercial production are described in Note 3(a)(i). Upon commencement of commercial production, a mining property is depleted on a unit-of-production method. Unit-of-production depletion rates are determined based on the estimated recoverable proven and probable mineral reserves at the mine.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Costs related to property acquisitions are capitalized until the viability of the mineral property is determined. When either external or internal triggering events determined that a property is not economically recoverable, the capitalized costs are written off.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The costs associated with the acquisition of land holdings are included within mining interest and are not depleted.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Exploration and evaluation</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Exploration and evaluation costs are expensed until the probability that future economic benefits will flow to the entity and the asset cost or value can be measured reliably. Management uses the following criteria to determine the economic recoverability and probability of future economic benefits:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman,serif" align="justify"> </div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The Company controls access to the benefit;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Internal project economics are beneficial to the Company;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The project is technically feasible; and</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Costs can be reliably measured.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Further development expenditures are capitalized to the property.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Drilling and related costs incurred on sites without an existing mine and on areas outside the boundary of a known mineral deposit which contains proven and probable reserves are exploration expenditures and are expensed as incurred to the date of establishing that property costs are economically recoverable. Further development expenditures, subsequent to the establishment of economic recoverability, are capitalized to the property.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Property, plant and equipment</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Plant and equipment consists of buildings and fixtures, and surface and underground fixed and mobile equipment.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Depreciation and depletion rates of major categories of asset costs</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Mining assets are depleted using a unit-of-production method based on the estimated economically recoverable reserves, to which they relate. Management reviews the estimated total recoverable ounces contained in depletable reserves at each financial year end, and when events and circumstances indicate that such a review should be made. Plant and equipment is depreciated using the straight-line method over their estimated useful lives, or the remaining life of the mine if shorter.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 76%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Asset class</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 24%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Estimated useful life (years)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Building</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>15 – 17</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Plant and machinery</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>3 – 17</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Office equipment</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>5 – 10</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Vehicles</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>5 – 7</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Computer equipment</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>3 – 5<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Capitalized borrowing costs</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset that necessarily takes a substantial period of time to get ready for its intended use are capitalized until such time as the assets are substantially ready for their intended use. Other borrowing costs are recognized as an expense in the period in which they are incurred.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Where funds are borrowed specifically to finance a project, the amount capitalized represents the actual borrowing costs incurred. Where the funds used to finance a project form part of general borrowings, the amount capitalized is calculated using a weighted average of interest rates applicable to relevant general borrowings of the Company during the period, to a maximum of actual borrowing costs incurred. Capitalization of interest is suspended during extended periods in which active development is interrupted.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Stripping costs in surface mining</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">As part of its operations, the Company incurs stripping costs both during the development phase and production phase of its operations. Stripping costs incurred as part of development stage mining activities incurred by the Company are deferred and capitalized as part of mining properties.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Stripping costs incurred during the production stage are incurred in order to produce inventory or to improve access to ore which will be mined in the future. Where the costs are incurred to produce inventory, the production stripping costs are accounted for as a cost of producing those inventories. Where the costs are incurred to improve access to ore which will be mined in the future, the costs are deferred and capitalized to the Statement of Financial Position as a stripping activity asset (included in mining interest) if the following criteria are met: improved access to the ore body is probable; the component of the ore body can be accurately identified; and the costs relating to the stripping activity associated with the component can be reliably measured. If these criteria are not met, the costs are expensed in the period in which they are incurred.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The stripping activity asset is subsequently depleted using the units-of-production depletion method over the life of the identified component of the ore body to which access has been improved as a result of the stripping activity.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Derecognition</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Upon sale or abandonment, the cost of the asset and related accumulated depreciation or depletion are removed from the accounts and any gains or losses thereon are recognized in net earnings.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(h) Impairment of long-lived assets</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company reviews and evaluates its mining interests for indicators of impairment at the end of each reporting period. Impairment assessments are conducted at the level of cash-generating units (“CGU”). A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. Each operating mine and development project represents a separate CGU as each mine site or development project has the ability or the potential to generate cash inflows that are separately identifiable and independent of each other. If an indication of impairment exists, the recoverable amount of the CGU is estimated. An impairment loss is recognized when the carrying amount of the CGU is in excess of its recoverable amount.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The recoverable amount of a mine site is the greater of its fair value less costs to dispose and value in use. In determining the recoverable amounts of the Company’s mine sites, the Company uses the fair value less costs to dispose as this will generally be greater than or equal to the value in use. When there is no binding sales agreement, fair value less costs to dispose is estimated as the discounted future after-tax cash flows expected to be derived from a mine site, less an amount for costs to dispose estimated based on similar past transactions. The inputs used in the fair value measurement constitute Level 3 inputs under the fair value hierarchy. When discounting estimated future cash flows, the Company uses an after-tax discount rate that would approximate what market participants would assign. Estimated cash flows are based on expected future production, metal selling prices, operating costs and capital costs. If the recoverable amount of a mine site is estimated to be less than its carrying amount, the carrying amount is reduced to its recoverable amount. The carrying amount of each mine site includes the carrying amounts of mining properties, plant and equipment, and certain deferred tax balances. Impairment losses are recognized as expenses in the period they are incurred. The allocation of an impairment loss, if any, for a particular mine site to its mining properties and plant and equipment is based on the relative book values of these assets at the date of impairment.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company assesses at the end of each reporting period whether there is any indication that an impairment loss recognized in prior periods for a long-lived asset may no longer exist or may have decreased. If any such indication exists, the Company estimates the recoverable amount of that CGU. A reversal of an impairment loss is recognized up to the lesser of the recoverable amount or the carrying amount that would have been determined (net of amortization or depreciation) had no impairment loss been recognized for the CGU in prior years. Reversals of impairment losses are recognized in net earnings in the period the reversals occur.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(i) Reclamation and closure cost obligations</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company’s mining and exploration activities are subject to various governmental laws and regulations relating to the protection of the environment. The Company has made, and intends to make in the future, expenditures to comply with such laws and regulations. The Company has recorded a liability and corresponding asset for the estimated future cost of reclamation and closure, including site rehabilitation and long-term treatment and monitoring costs These costs represent management’s best estimates which incorporate assumptions on the effects of inflation, movements in foreign exchange rates and the effects of country and other specific risks associated with the related liabilities. The costs are discounted to net present value using the risk free rate applicable to the future cash outflows. Such estimates are, however, subject to change based on negotiations with regulatory authorities, changes in laws and regulations or changes to market inputs to the decommissioning model.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The present value of estimated costs is recorded in the period in which the asset is installed or the environment is disturbed and a reasonable estimate of future costs and discount rates can be made. The provision is discounted using a risk-free rate and estimates of future cash flows are adjusted to reflect risk.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">After the initial measurement, the obligation is adjusted to reflect the passage of time and changes in the estimated future cash flows underlying the obligation. The increase in the provision due to the passage of time is recognized in finance costs, whereas increases and decreases due to changes in the estimated future cash flows are included in inventory or capitalized and depreciated over the life of the related asset unless the amount deducted from the cost exceeds the carrying value of the asset, in which case the excess is recorded in net earnings. Actual costs incurred upon settlement of the site restoration obligation are charged against the provision to the extent the provision was established for those costs. Upon settlement of the liability, a gain or loss may be recorded in net earnings.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(j) Income taxes</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The income tax expense or benefit for the period consists of two components: current and deferred.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Current Tax</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The tax currently payable is based on taxable earnings for the year. Taxable earnings differ from earnings before taxes due to items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. Current tax is calculated using tax rates and laws that were enacted or substantively enacted at the Statement of Financial Position date in each of the jurisdictions and includes any adjustments for taxes payable or recovery in respect of prior periods.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Deferred Tax</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Deferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities in the consolidated statement of financial position and the corresponding tax bases used in the computation of taxable net earnings. Deferred tax is calculated based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates that are expected to apply in the year of realization or settlement based on tax rates and laws enacted or substantively enacted at the Statement of Financial Position date.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Deferred tax liabilities are generally recorded for all taxable temporary differences. Deferred tax liabilities are recognized for taxable temporary differences arising on investments in Subsidiaries and Associates except where the reversal of the temporary difference can be controlled and it is probable that the difference will not reverse in the foreseeable future.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Deferred tax assets are generally recognized for all deductible temporary differences to the extent that it is probable that taxable earnings will be available against which those deductible temporary differences can be utilized. The carrying amount of the deferred tax assets are reviewed at each Statement of Financial Position date and are reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the asset to be recovered.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Deferred tax assets and liabilities are not recognized if the temporary difference arises from goodwill or from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company records foreign exchange gains and losses representing the impacts of movements in foreign exchange rates on the tax bases of non-monetary assets and liabilities which are denominated in foreign currencies. Foreign exchange gains and losses relating to deferred income taxes are included within foreign exchange gains in the consolidated income statement.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Current and deferred tax for the year</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Current and deferred tax are recognized in net earnings except when they arise as a result of items recognized in other comprehensive income or directly in equity in the current or prior periods, in which case the related current and deferred income taxes are also recognized in other comprehensive income or directly in equity, respectively.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Government assistance and tax credits</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Any federal or provincial tax credits received by the Company, with respect to exploration or development work conducted on any of its properties, are credited as a reduction to the carrying costs of the property to which the credits related. The Company records these tax credits when there is reasonable assurance with regard to collections and assessments as well as reasonable assurance that the Company will comply with the conditions associated to them and that the grants will be received.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(k) Foreign currency translation</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The individual financial statements of each Subsidiary are presented in the currency of the primary economic environment in which that entity operates (its functional currency). The functional currency of the Company and the presentation currency of the consolidated financial statements is the United States dollar (“U.S. dollar”).</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Management determines the functional currency by examining the primary economic environment of each operating mine, development and exploration project. The Company considers the following factors in determining its functional currency:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman,serif" align="justify"> </div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The main influences of sales prices for goods and the country whose competitive forces and regulations mainly determine the sales price;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The currency that mainly influences labour, material and other costs of providing goods;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The currency in which funds from financing activities are generated; and</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The currency in which receipts from operating activities are usually retained.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">When preparing the consolidated financial statements of the Company, the Company translates non-U.S. dollar balances into U.S. dollars as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman,serif" align="justify"> </div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Mining interest and equity method investments using historical exchange rates;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Financial instruments measured at fair value through profit or loss using the closing exchange rate as at the Statement of Financial Position date with translation gains and losses recorded in net earnings;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Deferred tax assets and liabilities using the closing exchange rate as at the Statement of Financial Position date with translation gains and losses recorded in net earnings;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Other assets and liabilities using the closing exchange rate as at the Statement of Financial Position date with translation gains and losses recorded in net earnings; and</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Income and expenses using the average exchange rate for the period, except for expenses that relate to non-monetary assets and liabilities measured at historical rates, which are translated using the same historical rate as the associated non-monetary assets and liabilities.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(l) Earnings (loss) per share</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Earnings (loss) per share calculations are based on the weighted average number of common shares and common share equivalents issued and outstanding during the year. Diluted earnings per share are calculated using the treasury stock method. This requires the calculation of diluted earnings per share by assuming that outstanding stock options and share purchase warrants (“Warrants”) with an average market price that exceeds the average exercise prices of the options and warrants for the year, are exercised and the assumed proceeds are used to repurchase shares of the Company at the average market price of the common share for the year.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(m) Revenue recognition</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Revenue from the sale of metals and metals in concentrate is recognized when all the following conditions are satisfied:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman,serif" align="justify">  </div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The Company has transferred to the buyer the significant risks and rewards of ownership;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The amount of revenue can be measured reliably;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">It is probable that the economic benefits associated with the transaction will flow to the entity; and</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The costs incurred or to be incurred in respect of the transaction can be measured reliably.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Revenue from the sale of metals in concentrate may be subject to adjustment upon final settlement of estimated metal prices, weights and assays. Revenue is recognized based on the estimated fair value of the total consideration receivable. Adjustments to revenue for metal prices and other adjustments are recorded at each period end and on final settlement. Refining and treatment charges are netted against revenue for sales of metal concentrate.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(n) Share-based payments</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company maintains a Restricted Share Unit (“RSU”) plan, a Performance Share Unit (“PSU”) plan and a stock option plan for employees as well as a Deferred Share Unit (“DSU”) plan for directors.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Cash-settled transactions which include RSUs, DSUs and the cash settled portion of the PSUs, are initially measured at fair value and recognized as an obligation at the grant date. The liabilities are re-measured to fair value at each reporting date up to and including the settlement date, with changes in fair value recognized in net earnings or capitalized to the Company’s development projects as appropriate. The fair value of RSUs and PSUs determined at the grant date is recognized over the vesting period in accordance with the vesting terms and conditions. The Company values the liabilities based on the Company’s share price and in addition for PSUs, the correlation between the Company’s total return performance relative to the S&P/TSX Global Gold Index Total Return Index Value. The non-current portion of RSU, DSU and PSU liabilities are included in provisions on the consolidated statement of financial position.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Equity-settled transactions which include the equity settled portion of the PSUs and the stock option plan are measured by reference to the fair value of the awards that are expected to vest at the grant date. Fair value for stock options is determined using a Black-Scholes option-pricing model, which relies on estimates of the future risk-free interest rate, future dividend payments, future share price volatility and the expected average life of the options. Fair value for the equity settled portion of the PSUs is determined using a Monte Carlo options pricing model, which relies on estimates of the future risk-free interest rate, future dividend payments, future share price volatility and the correlation between the Company’s total return performance relative to the S&P/TSX Global Gold Index Total Return Index Value. The Company believes these models adequately capture the substantive features of the option awards and PSUs, and are appropriate to calculate their fair values. The fair value determined at grant date is recognized over the vesting period in accordance with vesting terms and conditions, with a corresponding increase to contributed surplus. Changes to the estimated number of awards that will eventually vest are accounted for prospectively.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(o) Financial assets</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Financial assets are initially measured at fair value and are subsequently measured at either amortized cost or fair value, depending on the classification of the financial assets. The classification of assets is driven by the Company’s business model for managing financial assets and their contractual cash flow characteristics.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The fair value of financial instruments traded in active markets is based on quoted market prices at the date of the statement of financial position. The quoted market price used for financial assets held by the Company is the last bid price of the day.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company has categorized its financial assets in accordance with International Financial Reporting Standard 9 (2013), Financial Instruments (“IFRS 9”) into one of the following two categories:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 33%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Category under IFRS 9</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 67%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"> Description</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Fair value through profit or loss</div> </td> <td style="BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 9pt Calibri,sans-serif" align="justify">Includes equity investments, gold and copper price contract assets, gold and copper swap contracts, copper forward contracts, and other financial assets designated to this category under the fair value option. The Company has assessed the contractual cash flows of its provisionally priced contracts in accordance with IFRS 9 and has classified these contracts as fair value through profit or loss (“FVTPL”).</div> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 9pt Calibri,sans-serif" align="justify"> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: rgb(179,159,93) 1pt solid; TEXT-ALIGN: justify; PADDING-BOTTOM: 5pt; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Loans and receivables at amortized cost</div> </td> <td style="BORDER-BOTTOM: rgb(179,159,93) 1pt solid; TEXT-ALIGN: left; PADDING-BOTTOM: 5pt; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">Includes cash and cash equivalents, and trade receivables at amortized cost.</div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(p) Financial liabilities</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Financial liabilities are accounted for as amortized cost except for those at FVTPL which includes liabilities designated as FVTPL and derivatives. Financial liabilities classified as FVTPL or those which are designated as FVTPL under the fair value option are measured at fair value with unrealized gains and losses recognized in net earnings. In cases where financial liabilities are designated as FVTPL, the part of a fair value change due to an entity's own credit risk is recorded in other comprehensive income rather than the statements of operations. Financial liabilities at amortized cost are initially measured at fair value net of transaction costs, and subsequently measured at amortized cost.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company has classified its financial liabilities in accordance with IFRS 9 into one of the following two categories:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 33%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff">Category under IFRS 9</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 67%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"> Description</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Fair value through profit or loss</div> </td> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Includes provisions related to the RSU plans, DSU plans and the cash settled portion of the PSU plans, share purchase warrants, gold and copper price option contract liabilities and gold stream obligation.</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: rgb(179,159,93) 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Financial liabilities at amortized cost</div> </td> <td style="BORDER-BOTTOM: rgb(179,159,93) 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Includes trade and other payables and long-term debt.</div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(q) Derivative instruments, including hedge accounting</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Derivative instruments, including embedded derivatives, are recorded at fair value on initial recognition and at each subsequent reporting period. Any gains or losses arising from changes in fair value on derivatives that do not qualify for hedge accounting are recorded in net earnings.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Hedge accounting</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Gains and losses for the effective portion of hedging instruments are included in other comprehensive income. Gains and losses for any ineffective portion of hedging instruments are included in net earnings. Amounts previously recognized in other comprehensive income and accumulated in equity are reclassified to net earnings or mineral interest, as appropriate in the period when the hedged item is recognized in net earnings in the same line of the consolidated income statement.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company previously held diesel fuel swap contracts and Canadian dollars and designated this cash to fund the construction of Rainy River. The Company has designated these instruments as a cash-flow hedge under IFRS 9. The impact of applying hedge accounting is disclosed in Note 14.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Gold Stream Obligation</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company has a gold stream agreement with RGLD Gold AG, a wholly owned subsidiary of Royal Gold Inc. (“Royal Gold”). For accounting purposes, the Company has determined that the gold stream obligation represents a financing contract with embedded derivatives. The value of the embedded derivatives changes in response to changes in metal prices and in the number of ounces expected to be delivered. As the gold stream obligation has embedded derivatives that would otherwise need to be accounted for separately at FVTPL, the Company has designated the deposit received from Royal Gold as a financial liability at FVTPL, with initial and subsequent measurement at fair value, as permitted under IFRS 9. Transaction costs directly attributable to the gold stream obligation were expensed through profit and loss.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Fair value of the gold stream obligation on initial recognition was determined by the amount of the cash advance received. Subsequent fair value is calculated on each reporting date with gains and losses recorded in net earnings. Fair value adjustments as a result of the Company’s own credit risk will be recorded in the Consolidated Statement of Comprehensive Loss, as required by IFRS 9 (2013) for financial liabilities designated as at FVTPL. Components of the adjustment to fair value at each reporting date include:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Times New Roman,serif" align="justify"> </div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Accretion expense due to passage of time</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Change in the risk-free interest rate</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Change in the Company specific credit spread</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Change in any expected ounces to be delivered</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Change in future metal prices</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.5in; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Provisional pricing</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Certain products are “provisionally priced” whereby the selling price is subject to final adjustment up to 150 days after delivery to the customer. The final price is based on the market price at the relevant quotation point stipulated in the contract. As is customary in the industry, revenue on provisionally priced sales is recognized based on estimates of the fair value of the consideration receivable based on relevant forward market prices. At each reporting date, provisionally priced metal is marked to market based on the forward selling price for the quotational period stipulated in the contract. For this purpose, the selling price can be measured reliably for those products, such as gold and copper, for which there exists active and freely traded commodity markets. The marking to market of provisionally priced sales contracts is recorded as an adjustment to revenue.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Gold and copper price option contracts </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In order to increase cash flow certainty, the Company holds copper price option contracts and previously held gold price option contracts, purchasing put options and selling call options. These are treated as derivative financial instruments and marked to market at each reporting period on the consolidated statement of financial position with changes in fair value recognized in other gains and losses. Realized gains and losses as a result of the exercise of the Company’s call and put options up to an amount not exceeding the Company’s production of gold ounces or copper pounds for the reporting period are recorded as an adjustment to revenue. The exercise of options on gold ounces or copper pounds in excess of the Company’s production for the reporting period are recorded as other gains and losses.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Gold and copper swaps</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In order to mitigate a portion of the metal price exposure associated with the time lag between the provisional and final determination of concentrate sales, the Company has entered into cash settled derivative gold and copper contracts to swap future contracted monthly average metal prices for fixed metal prices. At each reporting date, these gold and copper swap agreements are marked to market based on corresponding forward gold and copper prices. The marking to market of gold and copper swap agreements is recorded as an adjustment to revenue.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Copper forward contracts </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company previously held copper swap contracts at a fixed price, settling against the London Metals Exchange (“LME”) monthly average price. These are treated as derivative financial instruments and marked to market at each reporting period on the consolidated statement of financial position with changes in fair value recognized in other gains and losses. Realized gains and losses as a result of the exercise of the Company’s copper forward contracts up to an amount not exceeding the Company’s production of copper pounds for the reporting period are recorded as an adjustment to revenue. Gains and losses in excess of the Company’s copper production for the reporting period are recorded as other gains and losses.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Share purchase warrants</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company’s warrants with Canadian dollar exercise prices are classified as derivative liabilities and accordingly, they are recorded at fair value at each reporting period, with the gains or losses recorded in net earnings for the period. In the second quarter of 2017, the Company’s warrants expired, unexercised.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(r) Trade and other receivables</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Trade and other receivables are carried at amortized cost less impairment. Trade and other receivables are impaired if they are determined to be uncollectible.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(s) Leases</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Leases are classified as finance leases when the terms of the lease transfer substantially all the risks and rewards incidental to ownership of the leased asset to the lessee. All other leases are classified as operating leases.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Operating lease payments are recognized as an expense on a straight-line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(c) Basis of consolidation</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Subsidiaries</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">These consolidated financial statements incorporate the financial statements of the Company and entities controlled by the Company (“Subsidiaries”). Control exists when the Company is exposed, or has rights, to variable returns from its involvement with the Subsidiary and has the ability to affect those returns through its power over the Subsidiary.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Associates</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Associates are those entities in which the Company has significant influence over the financial and operating policies but not control and that is not a Subsidiary (“Associates”). Significant influence is normally presumed to exist when the Company holds between 20 and 50 percent of the voting power of another entity. The Company’s share of net assets and net earnings or loss is accounted for in the consolidated financial statements using the equity method.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #003f6b" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The principal Subsidiaries of the Company are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df; VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 30%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Name of subsidiary/associate</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Principal activity</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Method of</font></font></font></font></div> <div style="CLEAR:both;CLEAR: both"><font color="#fafafa"><font style="COLOR: transparent; FONT-SIZE: 8pt"></font></font><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">accounting</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"> Country of</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"> incorporation and</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"> operation</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"> Interest as at</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt">December 31,</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"> 2017</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"> Interest as at</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt">December  31,</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"> 2016</font></font></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Minera San Xavier S.A. de C.V.</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Mining</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Consolidated</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  Mexico</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  100%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  100%</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Peak Gold Mines Pty Ltd.<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Mining</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Consolidated</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  Australia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  100%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  100%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Western Mesquite Mines Inc.</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Mining</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Consolidated</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  USA</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  100%</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  100%</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>The Company has entered into an agreement to sell Peak Gold Mines Pty Ltd. As a result, the assets and liabilities associated with this subsidiary have been classified and presented as held-for-sale as at December 31, 2017.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(g) Mining interests</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Mining interests includes mining properties and related plant and equipment. Capitalized costs are depreciated and depleted using either a unit-of-production method over the estimated economic life of the mine to which they relate, or for plant and equipment, using the straight-line method over their estimated useful lives, if shorter than the mine life.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Mining properties</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The costs associated with mining properties are separately allocated to mineral reserves and mineral resources, and include acquired interests in production, development and exploration stage properties representing the fair value at the time they were acquired.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Mining properties include costs directly attributable to bringing a mineral asset into the state where it is capable of operating in the manner intended by management. The determination of development costs to be capitalized during the production stage of a mine operation requires the use of judgments and estimates.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The value associated with mineral resources and exploration potential is the value beyond proven and probable mineral reserves assigned through acquisition. The mineral resource value represents the property interests that are believed to potentially contain economic mineralized material such as measured, indicated, and inferred mineral resources with insufficient drill spacing to qualify as proven and probable mineral reserves, and inferred mineral resources in close proximity to proven and probable mineral reserves. Exploration potential represents the estimated mineralized material contained within (i) areas adjacent to existing reserves and mineralization located within the immediate mine area; (ii) areas outside of immediate mine areas that are not part of measured, indicated, or inferred resources; and (iii) Greenfields exploration potential that is not associated with any other production, development, or exploration stage property, as described above. At least annually or when otherwise appropriate, and subsequent to its review and evaluation for impairment, value from the non-depletable category is transferred to the depletable category as a result of an analysis of the conversion of mineral resources or exploration potential into mineral reserves.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company estimates its mineral reserves and mineral resources based on information compiled by appropriately qualified persons. The estimation of recoverable reserves will be impacted by forecast commodity prices, exchange rates, production costs and recoveries amongst other factors. Changes in the reserve or resource estimates may impact the carrying value of assets and depreciation and impairment charges recorded in the consolidated income statement.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">A mining property is considered to be capable of operating in a manner intended by management when it commences commercial production. The critical judgments included in the determination of the commencement of commercial production are described in Note 3(a)(i). Upon commencement of commercial production, a mining property is depleted on a unit-of-production method. Unit-of-production depletion rates are determined based on the estimated recoverable proven and probable mineral reserves at the mine.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Costs related to property acquisitions are capitalized until the viability of the mineral property is determined. When either external or internal triggering events determined that a property is not economically recoverable, the capitalized costs are written off.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The costs associated with the acquisition of land holdings are included within mining interest and are not depleted.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Exploration and evaluation</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Exploration and evaluation costs are expensed until the probability that future economic benefits will flow to the entity and the asset cost or value can be measured reliably. Management uses the following criteria to determine the economic recoverability and probability of future economic benefits:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman,serif" align="justify"> </div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The Company controls access to the benefit;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Internal project economics are beneficial to the Company;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">The project is technically feasible; and</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Costs can be reliably measured.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Further development expenditures are capitalized to the property.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Drilling and related costs incurred on sites without an existing mine and on areas outside the boundary of a known mineral deposit which contains proven and probable reserves are exploration expenditures and are expensed as incurred to the date of establishing that property costs are economically recoverable. Further development expenditures, subsequent to the establishment of economic recoverability, are capitalized to the property.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Property, plant and equipment</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Plant and equipment consists of buildings and fixtures, and surface and underground fixed and mobile equipment.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Depreciation and depletion rates of major categories of asset costs</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Mining assets are depleted using a unit-of-production method based on the estimated economically recoverable reserves, to which they relate. Management reviews the estimated total recoverable ounces contained in depletable reserves at each financial year end, and when events and circumstances indicate that such a review should be made. Plant and equipment is depreciated using the straight-line method over their estimated useful lives, or the remaining life of the mine if shorter.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 76%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Asset class</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 24%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Estimated useful life (years)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Building</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>15 – 17</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Plant and machinery</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>3 – 17</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Office equipment</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>5 – 10</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Vehicles</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>5 – 7</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Computer equipment</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>3 – 5<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Capitalized borrowing costs</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset that necessarily takes a substantial period of time to get ready for its intended use are capitalized until such time as the assets are substantially ready for their intended use. Other borrowing costs are recognized as an expense in the period in which they are incurred.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Where funds are borrowed specifically to finance a project, the amount capitalized represents the actual borrowing costs incurred. Where the funds used to finance a project form part of general borrowings, the amount capitalized is calculated using a weighted average of interest rates applicable to relevant general borrowings of the Company during the period, to a maximum of actual borrowing costs incurred. Capitalization of interest is suspended during extended periods in which active development is interrupted.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Stripping costs in surface mining</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">As part of its operations, the Company incurs stripping costs both during the development phase and production phase of its operations. Stripping costs incurred as part of development stage mining activities incurred by the Company are deferred and capitalized as part of mining properties.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Stripping costs incurred during the production stage are incurred in order to produce inventory or to improve access to ore which will be mined in the future. Where the costs are incurred to produce inventory, the production stripping costs are accounted for as a cost of producing those inventories. Where the costs are incurred to improve access to ore which will be mined in the future, the costs are deferred and capitalized to the Statement of Financial Position as a stripping activity asset (included in mining interest) if the following criteria are met: improved access to the ore body is probable; the component of the ore body can be accurately identified; and the costs relating to the stripping activity associated with the component can be reliably measured. If these criteria are not met, the costs are expensed in the period in which they are incurred.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The stripping activity asset is subsequently depleted using the units-of-production depletion method over the life of the identified component of the ore body to which access has been improved as a result of the stripping activity.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">Derecognition</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Upon sale or abandonment, the cost of the asset and related accumulated depreciation or depletion are removed from the accounts and any gains or losses thereon are recognized in net earnings.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(o) Financial assets</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Financial assets are initially measured at fair value and are subsequently measured at either amortized cost or fair value, depending on the classification of the financial assets. The classification of assets is driven by the Company’s business model for managing financial assets and their contractual cash flow characteristics.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The fair value of financial instruments traded in active markets is based on quoted market prices at the date of the statement of financial position. The quoted market price used for financial assets held by the Company is the last bid price of the day.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company has categorized its financial assets in accordance with International Financial Reporting Standard 9 (2013), Financial Instruments (“IFRS 9”) into one of the following two categories:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 33%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Category under IFRS 9</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 67%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"> Description</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Fair value through profit or loss</div> </td> <td style="BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 9pt Calibri,sans-serif" align="justify">Includes equity investments, gold and copper price contract assets, gold and copper swap contracts, copper forward contracts, and other financial assets designated to this category under the fair value option. The Company has assessed the contractual cash flows of its provisionally priced contracts in accordance with IFRS 9 and has classified these contracts as fair value through profit or loss (“FVTPL”).</div> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 9pt Calibri,sans-serif" align="justify"> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: rgb(179,159,93) 1pt solid; TEXT-ALIGN: justify; PADDING-BOTTOM: 5pt; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Loans and receivables at amortized cost</div> </td> <td style="BORDER-BOTTOM: rgb(179,159,93) 1pt solid; TEXT-ALIGN: left; PADDING-BOTTOM: 5pt; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">Includes cash and cash equivalents, and trade receivables at amortized cost.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>(p) Financial liabilities</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Financial liabilities are accounted for as amortized cost except for those at FVTPL which includes liabilities designated as FVTPL and derivatives. Financial liabilities classified as FVTPL or those which are designated as FVTPL under the fair value option are measured at fair value with unrealized gains and losses recognized in net earnings. In cases where financial liabilities are designated as FVTPL, the part of a fair value change due to an entity's own credit risk is recorded in other comprehensive income rather than the statements of operations. Financial liabilities at amortized cost are initially measured at fair value net of transaction costs, and subsequently measured at amortized cost.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company has classified its financial liabilities in accordance with IFRS 9 into one of the following two categories:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 33%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff">Category under IFRS 9</font></div> </td> <td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 67%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"> Description</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Fair value through profit or loss</div> </td> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Includes provisions related to the RSU plans, DSU plans and the cash settled portion of the PSU plans, share purchase warrants, gold and copper price option contract liabilities and gold stream obligation.</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: rgb(179,159,93) 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Financial liabilities at amortized cost</div> </td> <td style="BORDER-BOTTOM: rgb(179,159,93) 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Includes trade and other payables and long-term debt.</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #003f6b" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The principal Subsidiaries of the Company are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df; VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 30%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Name of subsidiary/associate</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Principal activity</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Method of</font></font></font></font></div> <div style="CLEAR:both;CLEAR: both"><font color="#fafafa"><font style="COLOR: transparent; FONT-SIZE: 8pt"></font></font><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">accounting</font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"> Country of</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"> incorporation and</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"> operation</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"> Interest as at</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt">December 31,</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"> 2017</font></font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"> Interest as at</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt">December  31,</font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"> 2016</font></font></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Minera San Xavier S.A. de C.V.</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Mining</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Consolidated</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  Mexico</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  100%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  100%</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Peak Gold Mines Pty Ltd.<sup style="font-style:normal">(1)</sup></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Mining</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Consolidated</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  Australia</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  100%</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  100%</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Western Mesquite Mines Inc.</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Mining</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Consolidated</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  USA</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  100%</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt">  100%</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><i>The Company has entered into an agreement to sell Peak Gold Mines Pty Ltd. As a result, the assets and liabilities associated with this subsidiary have been classified and presented as held-for-sale as at December 31, 2017.</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"></div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 76%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Asset class</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 24%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Estimated useful life (years)</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Building</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>15 – 17</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Plant and machinery</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>3 – 17</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Office equipment</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>5 – 10</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Vehicles</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>5 – 7</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Computer equipment</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>3 – 5</b></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">14. Derivative instruments</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="3"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff"> December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div>(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>2016</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> DERIVATIVE ASSETS</b></font></div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Gold price option contracts</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> -</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 17.6</div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Diesel swap contracts</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> -</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 0.1</div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Copper forward contracts</div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> -</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 0.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div>Total derivative assets</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><b> -</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div>18.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> DERIVATIVE LIABILITIES</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Share purchase warrants<sup style="font-style:normal">(1)</sup> <font style="COLOR: #4f81bd"><i>  </i></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> -</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 1.3</div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif" colspan="2"> <div>Unsettled provisionally priced concentrate derivatives, and swap contracts<sup style="font-style:normal">(2)</sup></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 1.9</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 4.5</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Copper price option contracts<sup style="font-style:normal">(3)</sup></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 4.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>-</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Total derivative liabilities</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 6.0</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 5.8</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>On June 28, 2017, New Gold’s share purchase warrants expired, unexercised. As at December 31, 2016, share purchase warrants were included in trade and other payables.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><i>2.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Unsettled provisionally priced concentrate derivatives are included within trade and other receivables in the statement of financial position.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><i>3.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Copper price option contracts are included within trade and other payables in the statement of financial position.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(a) Hedging instruments </div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="3"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="2"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 70%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div>(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 14%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>2016</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Effective portion of change in fair value of hedging instruments</b></font></div> </td> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif" colspan="3"> <div>Foreign exchange gain on cash and cash equivalents designated as hedging instruments</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>-</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>4.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif" colspan="3"> <div>Reclassification of realized foreign exchange gain on cash and cash equivalents designated as hedging instrument</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>-</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>3.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Unrealized (loss) gain on diesel swap contracts (i)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>(0.4)</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>1.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Realized loss on settlement of diesel swap contracts (i)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>0.3</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Deferred income tax related to hedging instruments</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b>-</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(1.5)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div>Total hedging gains (losses) in other comprehensive income</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><b>(0.1)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div>10.3</div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif; COLOR: #365f91" align="justify"><b> </b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: 10pt Calibri,sans-serif; COLOR: #365f91" align="justify"><b>(i) Diesel swap contracts </b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: italic 10pt Calibri,sans-serif" align="justify"><font style="FONT-STYLE: normal; FONT-WEIGHT: normal">In 2015, the Company entered into diesel swap contracts to hedge diesel cost at Mesquite. Realized gains and losses are reclassified from other comprehensive income to operating expenses as diesel is consumed at the mine site.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: italic 10pt Times New Roman,serif" align="justify"><font style="FONT-STYLE: normal; FONT-WEIGHT: normal"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: italic 10pt Calibri,sans-serif" align="justify"><font style="FONT-STYLE: normal; FONT-WEIGHT: normal">The Company realized a loss of $0.3 million on settlement of 1.0 million gallons for the year ended December 31, 2017 (2016 – loss of $2.5 million on 5.5 million gallons). The hedge was fully settled as at June 30, 2017.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(b) Provisionally priced contracts</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company had provisionally priced sales for which price finalization is outstanding at December 31, 2017. Realized and unrealized non-hedged derivative gains (losses) on the provisional pricing of concentrate sales are classified as revenue, with the unsettled provisionally priced concentrate derivatives included in trade and other receivables. The Company enters into gold and copper swap contracts to reduce exposure to gold and copper prices. Realized and unrealized gains (losses) are recorded in revenue, with the unsettled gold and copper swaps included in trade and other receivables.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following tables summarize the realized and unrealized gains (losses) on provisionally priced sales:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; PADDING-TOP: 2pt" colspan="7"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31, 2017</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 61%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div>(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> Gold</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>Copper</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>Total</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="7"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b>Gain (LOSS) on the provisional pricing of concentrate sales</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Realized</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 1.9</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 10.0</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 11.9</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Unrealized</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 0.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 4.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 4.2</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Total gain (loss)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 2.0</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 14.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 16.1</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; PADDING-TOP: 2pt" colspan="7"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31, 2016</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 61%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div>(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> Gold</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>Copper</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>Total</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="7"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> (Loss) Gain on the provisional pricing of concentrate sales</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Realized</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>2.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>6.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>9.6</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Unrealized</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(1.5)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>6.0</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>4.5</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Total (loss) gain</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>1.3</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>12.8</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>14.1</div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following tables summarize the realized and unrealized gains (losses) on gold and copper swap contracts:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; PADDING-TOP: 2pt" colspan="7"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Year ended December 31, 2017</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 61%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div>(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> Gold</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>Copper</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>Total</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="7"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b>Gain (loss) on swap contracts</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Realized</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (2.0)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (16.8)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (18.8)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Unrealized</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (0.3)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (5.8)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (6.1)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Total gain (loss)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (2.3)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (22.6)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (24.9)</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; PADDING-TOP: 2pt" colspan="7"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended December</font> <font color="#f0ffff">31, 2016</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 61%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div>(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> Gold</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>Copper</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>Total</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="7"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b>Gain (loss) on swap contracts</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Realized</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(2.6)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(4.1)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(6.7)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Unrealized</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>1.4</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(10.3)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(8.9)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Total gain (loss)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(1.2)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(14.4)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(15.6)</div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="left"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table summarizes the net exposure to the impact of movements in market commodity prices for provisionally priced sales:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; PADDING-TOP: 2pt" colspan="5"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at December</font> <font color="#f0ffff">31</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 72%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>2017</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 13%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>2016</div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 9pt Calibri,sans-serif; COLOR: #005b94" align="left"><font style="TEXT-TRANSFORM: uppercase"><b>Volumes subject to final pricing net of outstanding swaps  </b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Gold ounces (000s)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 2.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 4.0</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Copper pounds (millions)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> 1.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> 3.0</div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(c) Gold price option contracts </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In March 2016, the Company entered into gold price option contracts by purchasing put options at a strike price of $1,200 per ounce and selling call options at a strike price of $1,400 per ounce for 270,000 ounces of gold production between April 2016 and December 2016 (“gold price option contracts”). In September 2016, the Company entered into a second tranche of gold price option contracts by purchasing put options at a strike price of $1,300 per ounce and selling call options at a strike price of $1,400 per ounce for 120,000 ounces of gold production between January 2017 and June 2017. In June 2017, the Company entered into a third tranche of gold price option contracts by purchasing put options at a strike price of $1,250 per ounce and selling call options at a strike price of $1,400 per ounce for 120,000 ounces of gold production between July 2017 and December 2017. The Company incurred investment costs of $0.9 million in June 2017 relating to this third tranche of gold price option contracts.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The call options sold and put options purchased are treated as derivative financial instruments and marked to market at each reporting period on the consolidated statement of financial position with changes in fair value recognized in other gains and losses. Realized gains and losses as a result of the exercise of the Company’s call and put options up to an amount not exceeding the Company’s production of gold ounces for the reporting period are recorded as an adjustment to revenue. The exercise of options on gold ounces in excess of the Company’s gold production for the reporting period are recorded as other gains and losses. The Company presents the fair value of its put and call options on a net basis on the consolidated statements of financial position within ‘derivative assets’.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">For the year ended December 31, 2017, the Company exercised put options for 140,000 ounces and recognized $7.5 million within revenue and earnings from discontinued operations. For the year ended December 31, 2017, the Company recognized a loss of $11.0 million relating to the gold price option contracts, which includes the settlement and loss on revaluation of the gold price option contracts of $13.9 million as per note 6 and $4.6 million included in loss from discontinued operations, net of the amount included in revenue. As at December 31, 2017, the contracts have expired. No further gold price option contracts have been entered into for 2018.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(d) Copper forward contracts </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In November 2016, the Company entered copper swap contracts for 5.3 million pounds of copper per month from January through June 2017 at a fixed price of $2.52 per pound. In February 2017, the Company entered into further copper swap contracts for 7.3 million pounds of copper per month from July 2017 through December 2017 at a fixed price of $2.73 per pound. Copper swaps settle against the London Metals Exchange monthly average price. The copper forward contracts are treated as derivative financial instruments and marked to market at each reporting period on the consolidated statement of financial position with changes in fair value recognized in other gains and losses. Realized gains and losses on settlement of the Company’s copper forward contracts up to an amount not exceeding the Company’s production of copper pounds for the reporting period are recorded as an adjustment to revenue. The settlement on copper pounds in excess of the Company’s copper production for the reporting period are recorded as other gains and losses. The Company presents the fair value of its copper forward contracts on the consolidated statements of financial position within ‘trade and other payables’. As at December 31, 2017, all copper forward contracts have expired. For the year ended December 31, 2017, the Company recognized a loss of $0.3 million related to copper forward contracts.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(e) Copper price option contracts </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In October 2017, the Company entered into copper price option contracts by purchasing put options at a strike price of $3.00 per pound and selling call options at a strike price of $3.37 per pound for 27,600 tonnes (approximately 60 million pounds) of copper production during 2018 (“copper price option contracts”). Consistent with the accounting treatment of the gold price option contracts described above, the call options sold and put options purchased are treated as derivative financial instruments and marked to market at each reporting period on the consolidated statement of financial position with changes in fair value recognized in other gains and losses. Realized gains and losses as a result of the exercise of the Company’s call and put options up to an amount not exceeding the Company’s production of copper pounds for the reporting period are recorded as an adjustment to revenue. The exercise of options on copper pounds in excess of the Company’s copper production for the reporting period are recorded as other gains and losses.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font> </div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 33%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff"> Quant</font><font color="#f0ffff">ity</font></font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"> outstanding</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 25%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Remaining</font> <font color="#f0ffff">term</font></font></div> </td> <td style="white-space:nowrap; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: 8pt Calibri,sans-serif; COLOR: white" align="right"><font color="#f0ffff">Exercise<br/> price ($/lb)</font></div> <div> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; PADDING-TOP: 2pt"> <div><font color="#f0ffff"><font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">Fair value</font>  <font color="#f0ffff">- asset</font>  </font><br/> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">(liability</font><font color="#f0ffff">)</font></font>  <font style="COLOR: transparent"> <sup style="font-style:normal"><font color="#f0ffff">(1)</font></sup> <font style="FONT-STYLE: normal">  </font></font></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="2"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> COPPER price option contracts outstanding</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Copper call contracts - sold</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>27,600 tonnes</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>January – December  2018</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>3.37</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><font style="COLOR: black">(7.8)</font> </div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Copper put contracts - purchased</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>27,600 tonnes</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>January – December  2018</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>3.00</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><font style="COLOR: black">3.7</font> </div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>The Company presents the fair value of its put and call options on a net basis on the consolidated statements of financial position. The Company has a legally enforceable right to set off the amounts under its option contracts and intends to settle on a net basis</i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following tables summarize the realized and unrealized gains (losses) on gold and copper swap contracts:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; PADDING-TOP: 2pt" colspan="7"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Year ended December 31, 2017</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 61%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div>(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> Gold</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>Copper</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>Total</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="7"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b>Gain (loss) on swap contracts</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Realized</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (2.0)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (16.8)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (18.8)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Unrealized</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (0.3)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (5.8)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (6.1)</b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Total gain (loss)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (2.3)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (22.6)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div><b> (24.9)</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; PADDING-TOP: 2pt" colspan="7"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended December</font> <font color="#f0ffff">31, 2016</font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 61%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt Calibri,sans-serif"> <div>(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div> Gold</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>Copper</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: white; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt Calibri,sans-serif; COLOR: #005b94"> <div>Total</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="7"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b>Gain (loss) on swap contracts</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Realized</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(2.6)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(4.1)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(6.7)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Unrealized</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>1.4</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(10.3)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(8.9)</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>Total gain (loss)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(1.2)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(14.4)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div>(15.6)</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">22. Financial risk management</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company examines the various financial instrument risks to which it is exposed and assesses the impact and likelihood of those risks. These risks may include credit risk, liquidity risk, market risk and other price risks. Where material, these risks are reviewed and monitored by the Board of Directors.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(a) Credit risk</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Credit risk is the risk of an unexpected loss if a party to the Company’s financial instruments fails to meet its contractual obligations. The Company’s financial assets are primarily composed of cash and cash equivalents, and trade and other receivables. Credit risk is primarily associated with trade and other receivables; however, it also arises on cash and cash equivalents, gold and copper price options, and copper forward contracts. To mitigate exposure to credit risk, the Company has established policies to limit the concentration of credit risk, to ensure counterparties demonstrate minimum acceptable credit worthiness, and to ensure liquidity of available funds.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company closely monitors its financial assets and does not have any significant concentration of credit risk. The Company sells its gold exclusively to large international organizations with strong credit ratings. The historical level of customer defaults is minimal and, as a result, the credit risk associated with gold and copper concentrate trade receivables at December 31, 2017 is not considered to be high.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The Company’s maximum exposure to credit risk is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt"> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Year ended December 31</font></td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 76%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt/10pt Calibri,sans-serif">(in millions of U.S. dollars)</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94"> 2017</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">2016</td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Credit risk exposure</b></font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Cash and cash equivalents</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 216.2</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">185.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Trade receivables</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 27.1</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">37.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">Gold price option contracts</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">17.6</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">Copper forward contracts</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">0.3</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Total financial instrument exposure to credit risk</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 243.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">240.9</div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">A significant portion of the Company’s cash and cash equivalents is held in large Canadian financial institutions. Short-term investments (including those presented as part of cash and cash equivalents) are composed of financial instruments issued by Canadian banks with high investment-grade ratings and the governments of Canada and the U.S.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company employs a restrictive investment policy as detailed in the capital risk management section, which is described in Note 21.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The aging of trade and other receivables is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 37%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">0-30<br/> days</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">31-60<br/> days</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">61-90<br/> days</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">91-120<br/> days</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Over 120<br/> days</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2017<br/> Total</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 9%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">2016<br/> Total</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94"><b>Aging trade and other receivables</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Rainy River</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 6.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 4.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 6.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.4</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 17.3</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">5.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">New Afton</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> (2.3)</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 3.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.4</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">22.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Mesquite</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.2</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.5</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.7</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Peak Mines<sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">1.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Cerro San Pedro</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 4.3</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.5</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 6.3</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">5.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Blackwater</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.4</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">0.3</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Corporate</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">2.1</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total trade and other receivables</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 9.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 9.0</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 6.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 0.5</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 1.4</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 27.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 2.25pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">37.1</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">1.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Trade and other receivables as at December 31, 2017 are presented excluding sales generated from Peak Mines, which has been classified as a discontinued operation for the year ended December 31, 2017.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company sells its gold and copper concentrate production from New Afton to four different customers under off-take contracts. The Company sells its gold and copper concentrate production from Peak Mines to one customer under an off-take contract.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company is not economically dependent on a limited number of customers for the sale of its gold and other metals because gold and other metals can be sold through numerous commodity market traders worldwide.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(b) Liquidity risk</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company manages liquidity risk through the management of its capital structure and financial leverage, as outlined in Note 21.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table shows the contractual maturities of debt commitments. The amounts presented represent the future undiscounted principal and interest cash flows, and therefore, do not equate to the carrying amounts on the consolidated statements of financial position.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="7"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">As at</font> <font color="#f0ffff">December 31</font></font></div> </td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 40%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">< 1 year</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">1-3 years</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">4-5 years</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">After<br/> 5 years</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">2017</div> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">Total</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; PADDING-LEFT: 5.4pt; WIDTH: 10%; PADDING-RIGHT: 5.4pt; VERTICAL-ALIGN: bottom"> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">2016</div> <div style="CLEAR:both;MARGIN: 0pt 0px; FONT: bold 10pt Calibri, Helvetica, Sans-Serif; COLOR: #005b94" align="right">Total</div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b>Debt commitments</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Trade and other payables</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 153.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 153.7</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 169.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Long-term debt</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 230.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 500.0</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 300.0</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1,030.0</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 900.0</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Interest payable on long-term debt</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 43.5</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 100.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 100.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 47.8</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 292.9</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 252.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Gold stream obligation</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 24.7</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 52.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 54.8</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 158.6</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 290.5</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 277.7</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total debt commitments</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 221.9</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 383.2</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 655.6</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 506.4</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> 1,767.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"> 1,599.5</div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company’s future operating cash flow and cash position are highly dependent on metal prices, including gold, silver and copper, as well as other factors. Taking into consideration the Company’s current cash position, volatile equity markets, and global uncertainty in the capital markets, the Company is continually reviewing expenditures and assessing business opportunities to enhance liquidity in order to ensure adequate liquidity and flexibility to support its growth strategy, including the development of its projects, while continuing production at its current operations. A period of continuous low gold and copper prices may necessitate the deferral of capital expenditures which may impact the timing of development work and project completion, as well as production from mining operations. In addition, in such a price environment, the Company may be required to adopt one or more alternatives to increase liquidity.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(c) Currency Risk</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company operates in Canada, the United States, Australia, and Mexico. As a result, the Company has foreign currency exposure with respect to items not denominated in U.S. dollars. The three main types of foreign exchange risk for the Company can be categorized as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(i) Transaction exposure</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company’s operations sell commodities and incur costs in different currencies. This creates exposure at the operational level, which may affect the Company’s profitability as exchange rates fluctuate.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(ii) Exposure to currency risk</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company is exposed to currency risk through the following assets and liabilities denominated in currencies other than the U.S. dollar: cash and cash equivalents, investments; accounts receivable, accounts payable and accruals, reclamation and closure cost obligations.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The currencies of the Company’s financial instruments and other foreign currency denominated liabilities, based on notional amounts, were as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent;FONT-FAMILY:Times New Roman, Times, Serif"> </font> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">As at December 31</font><font color="#f0ffff">, 2017</font></font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 64%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">CAD  </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">AUD</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">MXN</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Exposure to currency risk</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Cash and cash equivalents</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 16.6</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 5.9</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.5</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Trade and other receivables</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 19.5</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 6.2</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Income tax receivable</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.4</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.2</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Deferred tax asset</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 130.5</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> - </b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Trade and other payables</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (141.6)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (11.5)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Deferred tax liability</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (183.9)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.1)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Reclamation and closure cost obligations</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (84.6)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (11.7)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Performance share units and restricted share units</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (2.6)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> - </b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total exposure to currency risk</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> (245.7)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b>5.9</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> (11.4)</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="4"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">As at December 31, 2016</font></td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 64%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt/10pt Calibri,sans-serif">(in millions of U.S. dollars)</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">CAD  </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">AUD</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">MXN</td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Exposure to currency risk</b></font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Cash and cash equivalents</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 95.3</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 4.6</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Trade and other receivables</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 8.0</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 0.5</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 5.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Income tax (payable) receivable</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (1.1)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (4.5)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 3.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Deferred tax asset</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 173.3</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 14.0</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 0.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Trade and other payables</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (118.3)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (12.0)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (16.2)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Deferred tax liability</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (321.1)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (26.1)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (0.5)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Reclamation and closure cost obligations</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (36.5)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (13.6)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (12.2)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Warrants</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (1.3)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Employee benefits</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (1.1)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (7.9)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Restricted share units</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (2.8)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Total exposure to currency risk</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (205.6)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (45.0)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (18.2)</div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Times New Roman,serif; COLOR: #003f6b" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold italic 10pt Calibri,sans-serif; COLOR: #003f6b" align="justify">(iii) Translation exposure</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company’s functional and reporting currency is U.S. dollars. The Company’s operations translate their operating results from the host currency to U.S. dollars. Therefore, exchange rate movements in the Canadian dollar, Australian dollar, and Mexican peso can have a significant impact on the Company’s consolidated operating results. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>A 10% strengthening (weakening) of the U.S. dollar against the following currencies would have decreased (increased) the Company’s net loss from the financial instruments presented by the amounts shown below.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt">  </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31</font></font></td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 76%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt/10pt Calibri,sans-serif"> (in millions of U.S. dollars)</td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  2017</td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94"> 2016</td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Impact of 10% change in foreign exchange rates</b></font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Canadian dollar</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 24.6</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">20.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Australian dollar</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>(0.6)</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">4.6</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Mexican peso</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 1.1</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">1.8</div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(d) Interest Rate Risk</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Interest rate risk is the risk that the fair value or the future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The majority of the Company’s outstanding debt obligations are fixed and are therefore not exposed to changes in market interest rates. The Credit Facility interest is variable and a 1% change in interest rates would result in a difference of approximately $1.4 million in interest paid for the year ended December 31, 2017.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company is exposed to interest rate risk on its cash and cash equivalents. Interest earned on cash and cash equivalents is based on prevailing money market and bank account interest rates which may fluctuate. A 1.0% change in the interest rate would result in a difference of approximately $2.0 million in interest earned by the Company for the year ended December 31, 2017. The Company has not entered into any derivative contracts to manage this risk.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman,serif; COLOR: #005b94" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 4pt; FONT: bold 11pt Arial,sans-serif; COLOR: #005b94" align="justify">(e) Metal and Input Price Risk</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company’s earnings, cash flows and financial condition are subject to price risk due to fluctuations in the market price of gold, silver and copper. Gold prices have historically fluctuated widely and are affected by numerous factors beyond the Company’s control, including:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.25in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman,serif" align="justify"> </div> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">the strength of the U.S. economy and the economies of other industrialized and developing nations;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">global or regional political or economic conditions;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">the relative strength of the U.S. dollar and other currencies;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">expectations with respect to the rate of inflation;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">interest rates;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">purchases and sales of gold by central banks and other large holders, including speculators;</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">demand for jewellery containing gold; and</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 10pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-FAMILY:Symbol">·</font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">investment activity, including speculation, in gold as a commodity.</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"><font style="LETTER-SPACING: -0.05pt">  </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="LETTER-SPACING: -0.05pt">For the</font> year ended December 31, 2017, the Company’s revenue and cash flows were impacted by gold prices in the range of $1,151 to $1,346 per ounce, and by copper prices in the range of $2.49 to $3.27 per pound. Metal price declines could cause continued development of, and production from, the Company’s properties to be uneconomic. There is a time lag between the shipment of gold and copper and final pricing, and changes in pricing can impact the Company’s revenue and working capital position. The Company’s exposure to changes in copper prices has been significantly reduced during 2018 as the Company has entered into copper price option contracts (whereby it sold a series of call option contracts and purchased a series of put option contracts) to reduce exposure to changes in copper prices. The details of the remaining contracts as at December 31, 2017 can be found in Note 14.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Reserve calculations and mine plans using significantly lower gold, silver, copper and other metal prices could result in significant reductions in mineral reserve and resource estimates and revisions in the Company’s life-of-mine plans, which in turn could result in material write-downs of its investments in mining properties and increased depletion, reclamation and closure charges.  Depending on the price of gold or other metals, the Company may determine that it is impractical to commence or, if commenced, to continue commercial production at a particular site.  Metal price fluctuations also create adjustments to the provisional prices of sales made in previous periods that have not yet been subject to final pricing, and these adjustments could have an adverse impact on the Company’s financial results and financial condition. Any of these factors could result in a material adverse effect on the Company’s results of operations and financial condition.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company is also subject to price risk for fluctuations in the cost of energy, principally electricity and purchased petroleum products. The Company’s costs are affected by the prices of commodities and other inputs it consumes or uses in its operations, such as lime, sodium cyanide and explosives. The prices of such commodities and inputs are influenced by supply and demand trends affecting the mining industry in general and other factors outside the Company’s control. Increases in the price for materials consumed in the Company’s mining and production activities could materially adversely affect its results of operations and financial condition.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">An increase in gold, copper and silver prices would decrease the Company’s net loss whereas an increase in fuel or restricted share unit vested prices would increase the Company’s net loss. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>A 10% change in commodity prices would impact the Company’s net earnings before taxes and other comprehensive income before taxes as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: left; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31, 2017</font></font></div> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="2"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff"><font color="#f0ffff">Year ended</font> <font color="#f0ffff">December 31, 2016</font></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 52%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Net<br/> Earnings</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Other<br/> Comprehensive<br/> Income</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Net<br/> Earnings</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">Other<br/> Comprehensive<br/> Income</div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 8pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Impact of 10% change in commodity prices</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-TOP: 8pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-TOP: 8pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-TOP: 8pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-TOP: 8pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Gold price</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 52.5</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 47.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Copper price</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 9.0</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 22.1</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Silver price</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.1</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 1.4</div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Fuel price</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.6</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 3.5</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> 0.1</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The Company’s maximum exposure to credit risk is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt"> </td> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="2"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">Year ended December 31</font></td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 76%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt/10pt Calibri,sans-serif">(in millions of U.S. dollars)</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94"> 2017</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">2016</td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Credit risk exposure</b></font></td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Cash and cash equivalents</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 216.2</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">185.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Trade receivables</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 27.1</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">37.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">Gold price option contracts</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">17.6</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif; VERTICAL-ALIGN: top"> <div style="CLEAR:both;CLEAR: both">Copper forward contracts</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">0.3</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Total financial instrument exposure to credit risk</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"><b> 243.3</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">240.9</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">The currencies of the Company’s financial instruments and other foreign currency denominated liabilities, based on notional amounts, were as follows:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 9pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt; PADDING-TOP: 2pt" colspan="4"> <div style="CLEAR:both;CLEAR: both"><font color="#f0ffff"><font style="COLOR: transparent;FONT-FAMILY:Times New Roman, Times, Serif"> </font> <font style="COLOR: transparent; FONT-SIZE: 8pt"><font color="#f0ffff">As at December 31</font><font color="#f0ffff">, 2017</font></font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; FONT-STYLE: italic; PADDING-LEFT: 5.4pt; WIDTH: 64%; PADDING-RIGHT: 5.4pt; FONT-SIZE: 7pt"> <div style="CLEAR:both;CLEAR: both">(in millions of U.S. dollars)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">CAD  </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">AUD</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both">MXN</div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-SIZE: 10pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Exposure to currency risk</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; COLOR: #005b94; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Cash and cash equivalents</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 16.6</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 5.9</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 1.5</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Trade and other receivables</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 19.5</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 6.2</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Income tax receivable</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 0.4</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 4.2</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Deferred tax asset</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> 130.5</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> - </b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Trade and other payables</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (141.6)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (11.5)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Deferred tax liability</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (183.9)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (0.1)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Reclamation and closure cost obligations</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (84.6)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (11.7)</b></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both">Performance share units and restricted share units</div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> (2.6)</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b>-</b></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><b> - </b></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both">Total exposure to currency risk</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> (245.7)</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b>5.9</b></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #b3995d 1pt solid"> <div style="CLEAR:both;CLEAR: both"><b> (11.4)</b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="white-space:nowrap; TEXT-ALIGN: right; PADDING-BOTTOM: 2pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif; PADDING-TOP: 2pt" colspan="4"><font style="COLOR: transparent; FONT-SIZE: 8pt" color="#f0ffff">As at December 31, 2016</font></td> </tr> <tr> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 64%; PADDING-RIGHT: 5.4pt; FONT: italic 7pt/10pt Calibri,sans-serif">(in millions of U.S. dollars)</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">CAD  </td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">AUD</td> <td style="white-space:nowrap; BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">MXN</td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt/14pt Calibri,sans-serif"> <font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Exposure to currency risk</b></font></td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: bold 10pt/10pt Calibri,sans-serif; COLOR: #005b94">  </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Cash and cash equivalents</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 95.3</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 4.6</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 1.2</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Trade and other receivables</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 8.0</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 0.5</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 5.5</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Income tax (payable) receivable</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (1.1)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (4.5)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 3.1</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Deferred tax asset</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 173.3</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 14.0</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> 0.9</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Trade and other payables</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (118.3)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (12.0)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (16.2)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Deferred tax liability</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (321.1)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (26.1)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (0.5)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Reclamation and closure cost obligations</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (36.5)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (13.6)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (12.2)</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Warrants</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (1.3)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Employee benefits</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (1.1)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (7.9)</div> </td> <td style="TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Restricted share units</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (2.8)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> -</div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both">Total exposure to currency risk</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (205.6)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (45.0)</div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; LINE-HEIGHT: 10pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: Calibri,sans-serif"> <div style="CLEAR:both;CLEAR: both"> (18.2)</div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">26. Compensation of key management personnel</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The remuneration of the Company’s key management personnel<sup style="font-style:normal">(1)</sup> was as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 11pt Calibri, Helvetica, Sans-Serif" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-BOTTOM: 3pt; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 3pt" colspan="2"> <div><font style="FONT-SIZE: 8pt"><font color="#f0ffff">Year ended <font color="#f0ffff">December 31</font></font></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 76%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 7pt"> <i>(in millions of U.S. dollars)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b> 2017</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 12%; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="COLOR: #005b94; FONT-SIZE: 10pt"><b>2016</b></font></div> </td> </tr> <tr> <td style="PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b>Key management personnel remuneration</b></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Short-term benefits<sup style="font-style:normal">(2)</sup></font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 2.5</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 3.4</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Post-employment benefits</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Other long-term benefits</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> -</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> -</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Share-based payments</font></div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 2.4</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 4.0</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Termination benefits</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 1.5</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 1.2</font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> Total key management personnel remuneration</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> <b> 6.4</b></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 2.25pt; PADDING-RIGHT: 5.4pt"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 9pt"> 8.7</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; WIDTH: 100%; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-STYLE: normal">1.</font></div> </td> <td style="TEXT-ALIGN: left"> <div style="CLEAR:both;CLEAR: both">Key management personnel are those persons having authority and responsibility for planning, directing, and controlling the activities of the Company.</div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: italic 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="WIDTH: 0.25in"> <div style="CLEAR:both;CLEAR: both">2.</div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both">Short-term benefits include salaries, bonuses payable within twelve months of the Statement of Financial Position date and other annual employee benefits.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The remuneration of key executives is determined by the compensation committee having regard to the performance of individuals and market trends.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
2859000000
2841000000
100500000
102300000
-33000000
2600000
-853300000
-846300000
3036500000
103200000
-38900000
-961300000
176100000
17600000
1400000
400000
-800000
-6900000
3500000
5400000
0
-300000
-100000
10300000
-5800000
-45900000
-108000000
-7000000
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-TRANSFORM: uppercase; MARGIN: 0pt 0px 4pt; FONT: bold 13pt Calibri,sans-serif; COLOR: #2bb7df" align="justify">13. Gold stream obligation</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In 2015, the Company entered into a $175 million streaming transaction with RGLD Gold AG, a wholly-owned subsidiary of Royal Gold Inc. (“Royal Gold”). Under the terms of the agreement, the Company will deliver to Royal Gold 6.5% of gold production from the Rainy River project up to a total of 230,000 ounces of gold and then 3.25% of the project’s gold production thereafter. The Company will also deliver to Royal Gold 60% of the project’s silver production to a maximum of 3.1 million ounces and then 30% of silver production thereafter. Royal Gold paid $175.0 million in consideration of this transaction.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">In addition to the upfront deposit, Royal Gold will pay 25% of the average spot gold or silver price at the time each ounce of gold or silver is delivered under the stream. The difference between the spot price of metal and the cash received from Royal Gold will reduce the $175.0 million deposit over the life of the mine. Upon expiry of the 40-year term of the agreement (which may be extended in certain circumstances), any balance of the $175.0 million upfront deposit remaining unpaid will be refunded to Royal Gold.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">The Company has designated the gold stream obligation as a financial liability at fair value through profit or loss (“FVTPL”) under the scope of IFRS 9 (2013). <font style="COLOR: windowtext">Accordingly, the Company values the liability at the present value of its expected future cash flows at each reporting period with changes in fair value reflected in the consolidated income statements and consolidated statements of comprehensive loss. The gold stream obligation contained a maximum leverage ratio covenant (net debt to EBITDA) of 3.5 : 1.0, with the exception that the net leverage covenant limit is permitted to be increased to 4.0 : 1.0 for two consecutive quarters, provided that it thereafter returns to a maximum of 3.5 : 1.0. Furthermore, the leverage ratio contained in the above agreement with Royal Gold has also been adjusted to match the revised maximum leverage ratio under the Credit Facility, up to March 31, 2018.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following is a summary of the changes in the Company’s gold stream obligation:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="3"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="2"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt">  </font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 82%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 7pt"><i>(in millions of U.S. dollars)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Change in Stream Obligation</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Balance, December 31, 2015</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"> 147.6</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Fair value adjustments related to changes in the Company’s own credit risk<sup style="font-style:normal">(1)</sup> <font style="COLOR: #4f81bd"><i>  </i></font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"> 67.8</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Other fair value adjustments<sup style="font-style:normal">(2)</sup> <font style="COLOR: #4f81bd"> <i> </i></font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"> 31.1</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt">Balance, December 31, 2016</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b> 246.5</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Settlements during the period<sup style="font-style:normal">(3)</sup></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"><b>(2.4)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Fair value adjustments related to changes in the Company’s own credit risk<sup style="font-style:normal">(1)</sup> <font style="COLOR: #4f81bd"><i>  </i></font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"><b>7.6</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Other fair value adjustments<sup style="font-style:normal">(2)</sup> <font style="COLOR: #4f81bd"> <i> </i></font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"><b>21.8</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt">Balance,  December 31, 2017</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>273.5</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Less: current portion of gold stream obligation</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"><b>(24.5)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Non-current portion of gold stream obligation</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"><b>249.0</b></font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Fair value adjustments related to changes in the Company’s own credit risk are included in other comprehensive income.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><i>2.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Other fair value adjustments are included in the consolidated income statements.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><i>3.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Of the total $2.4 million in settlements, $1.3 million is unpaid and included in accruals as at December 31, 2017.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></i></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.25in; FONT: 10pt Times New Roman,serif" align="justify"><i> </i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify">Fair value adjustments represent the net effect on the gold stream obligation of changes in the variables included in the Company’s valuation model between the date of receipt of deposit and the reporting date. These variables include accretion, risk-free interest rate, future metal prices, Company-specific credit spread and expected gold and silver ounces to be delivered.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman,serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following is a summary of the changes in the Company’s gold stream obligation:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Calibri,sans-serif" align="justify"> </div> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-SIZE: 9pt" cellspacing="0" cellpadding="0"> <tr style="BACKGROUND-COLOR: #2bb7df"> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="3"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif" colspan="2"> <div><font style="COLOR: transparent; FONT-SIZE: 8pt">  </font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; WIDTH: 82%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 7pt"><i>(in millions of U.S. dollars)</i></font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; WIDTH: 1%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; WIDTH: 15%; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: left; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="TEXT-TRANSFORM: uppercase; COLOR: #005b94; FONT-SIZE: 9pt"><b> Change in Stream Obligation</b></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Balance, December 31, 2015</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"> 147.6</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Fair value adjustments related to changes in the Company’s own credit risk<sup style="font-style:normal">(1)</sup> <font style="COLOR: #4f81bd"><i>  </i></font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"> 67.8</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Other fair value adjustments<sup style="font-style:normal">(2)</sup> <font style="COLOR: #4f81bd"> <i> </i></font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"> 31.1</font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt">Balance, December 31, 2016</font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b> 246.5</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Settlements during the period<sup style="font-style:normal">(3)</sup></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"><b>(2.4)</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Fair value adjustments related to changes in the Company’s own credit risk<sup style="font-style:normal">(1)</sup> <font style="COLOR: #4f81bd"><i>  </i></font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"><b>7.6</b></font></div> </td> </tr> <tr> <td style="TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Other fair value adjustments<sup style="font-style:normal">(2)</sup> <font style="COLOR: #4f81bd"> <i> </i></font></font></div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"><b>21.8</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt">Balance,  December 31, 2017</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif; BORDER-TOP: #b3995d 1pt solid"> <div><font style="FONT-SIZE: 9pt"><b>273.5</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Less: current portion of gold stream obligation</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"><b>(24.5)</b></font></div> </td> </tr> <tr> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: justify; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt">Non-current portion of gold stream obligation</font></div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div> </div> </td> <td style="BORDER-BOTTOM: #b3995d 1pt solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #e5f8fc; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; FONT: 10pt Calibri,sans-serif"> <div><font style="FONT-SIZE: 9pt"><b>249.0</b></font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><i>1.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Fair value adjustments related to changes in the Company’s own credit risk are included in other comprehensive income.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><i>2.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Other fair value adjustments are included in the consolidated income statements.</i></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT: 7pt Calibri,sans-serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div><i>3.</i></div> </td> <td style="TEXT-ALIGN: justify"> <div><i>Of the total $2.4 million in settlements, $1.3 million is unpaid and included in accruals as at December 31, 2017.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></i></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
1300
19.16
1.24
1300
19.25
1300
20.00
1325
19.66
1.24
1.30
1.31
-13800000
1.0313
1.0208
1.0104
1.00
147600000
246500000
273500000
-2400000
67800000
7600000
31100000
21800000
61740000
2767000
65000000
16600000
0
-0.01
0
0
-0.02
0.05
-0.03
0.01
-0.04
0.05
-0.03
0.01
-0.04
0
-0.01
0
0
-0.02
249000000
246500000
3827000
16998000
2676000
1957000
-3626000
-235000
1014000
985000
179000
2505000
14855000
13087000
8665500
2023000
2695200
392500
1269000
1443800
842000
4925400
3985300
622000
1269000
1443800
842000
3775000
3451000
375000
849000
1577000
98000
625000
1134000
283000
-542000
-1315000
-50000
-635000
-1281000
-394000
-369000
-914000
-669000
3688000
3344000
423000
2764000
2528000
706000
10800000
1700000
9100000
420000
25600000
-13900000
4100000
-22300000
-1200000
-5100000
-1000000
-2400000
-9700000
26800000
-8800000
5100000
-19900000
2700000
0
16200000
0
0
16200000
0
12200000
0
0
12200000
0
17000000
0
0
17000000
0
13600000
0
0
13600000
32000000
1300000
4500000
1900000
-300000
-2500000
0.033
0.033
-131000000
-10800000
300000000
Rainy River achieved commercial production on November 1, 2017, resulting in Rainy River recognizing inventories as at December 31, 2017.
The amount of inventories recognized in operating expenses for the year ended December 31, 2017 was $302.8 million (2016 - $259.1 million).
Non-current inventories, which include heap leach inventories at Mesquite and low-grade stockpiled inventories at Rainy River, of $78.7 million (December 31, 2016 $103.3 million) are expected to be recovered after one year.
During the year ended December 31, 2016 the Company wrote down $26.6 million of inventory at Cerro San Pedro of which $24.0 million was included in operating expenses and $2.6 million was included in depreciation and depletion.
Senior Unsecured Notes due November 15, 2022
Credit Facility
On June 28, 2017, New Gold’s share purchase warrants expired, unexercised. As at December 31, 2016, share purchase warrants were included in trade and other payables.
(i) Diesel swap contracts In 2015, the Company entered into diesel swap contracts to hedge diesel cost at Mesquite. Realized gains and losses are reclassified from other comprehensive income to operating expenses as diesel is consumed at the mine site. The Company realized a loss of $0.3 million on settlement of 1.0 million gallons for the year ended December 31, 2017 (2016 loss of $2.5 million on 5.5 million gallons). The hedge was fully settled as at June 30, 2017.
On June 28, 2017, New Gold’s share purchase warrants expired, unexercised.
Other includes balances relating to the development and exploration properties that have no revenues or operating costs.
Segmented revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the year ended December 31, 2017.
Other gains (losses) include foreign exchange revaluation, and a $33.0 million net gain on the disposal of the El Morro stream.
Segmented revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the year ended December 31, 2016.
Other includes Peak Mines’ cash and cash equivalents, which do not form part of the net assets held for sale.
Other includes corporate balances, exploration properties and the El Morro gold stream asset.
Prior-year period comparatives have been revised as per note 5.
Capital expenditures per consolidated statement of cash flows.
Amounts presented exclude sales generated from Peak Mines, which has been classified as a discontinued operation for the year ended December 31, 2017.
Trade and other receivables as at December 31, 2017 are presented excluding sales generated from Peak Mines, which has been classified as a discontinued operation for the year ended December 31, 2017.
Trade and other payables exclude the short-term portion of reclamation and closure cost obligation, copper price option contracts and the short-term portion of the gold stream obligation.
Key management personnel are those persons having authority and responsibility for planning, directing, and controlling the activities of the Company.
Short-term benefits include salaries, bonuses payable within twelve months of the Statement of Financial Position date and other annual employee benefits.
Throughout 2017, the Company initiated a restructuring plan that impacted its corporate office workforce. As a result, the Company recognized a restructuring charge of approximately $4.2 million related to severance and other termination benefits.
For the year ended December 31, 2017 and comparative periods, Peak Mines has been classified as a discontinued operation and accordingly earnings and cash flows from continuing operations are presented exclusive of Peak Mines. Refer to Note 16 for further details.
Effective November 1, 2017, Rainy River achieved commercial production. As a result, the Company transferred amounts capitalized to construction in progress to depletable mining properties and plant & equipment and assets capitalized as non-depletable mining properties were transferred to depletable mining properties. Additionally, on November 1, 2017, the Company transferred $20.4 million related to inventories from construction in progress to current assets.
Refer to note 11 for further information on impairment.
Other includes corporate balances and exploration properties.
Copper price option contracts are included within trade and other payables in the statement of financial position.
Refer to Note 16 for further information on discontinued operations.
Presented based on the location in which the sale originated.
For the years ended December 31, 2017 and 2016, revenue from Peak Mines is included in earnings from discontinued operations. As at December 31, 2017, the Company’s non-current assets held in Australia are classified as assets held-for-sale.
Non-current assets exclude financial instruments (investments, reclamation deposits and other) and deferred tax assets.
Mesquite, Rainy River and Cerro San Pedro all sell to the same customer.
The Company presents the fair value of its put and call options on a net basis on the consolidated statements of financial position. The Company has a legally enforceable right to set off the amounts under its option contracts and intends to settle on a net basis.
Trade and other payables exclude the short-term portion of reclamation and closure cost obligations, copper forward contracts and the short-term portion of the gold stream obligation.
For the periods in which the Company records a loss, diluted loss per share is calculated using the basic weighted average number of shares outstanding, as using the diluted weighted average number of shares outstanding in the calculation would be anti-dilutive.
Refer to Note 16 for further information on assets and liabilities held for sale.
Prior period comparatives have been revised as per note 5.
As at December 31, 2017, the deferred tax asset and deferred tax liability at Peak Mines are included in assets held-for-sale and liabilities held-for-sale, respectively.
Stock options
Senior Unsecured Notes due May 15, 2025 and Senior Unsecured Notes due April 15, 2020
Diesel swap contracts In 2015, the Company entered into diesel swap contracts to hedge diesel cost at Mesquite. Realized gains and losses are reclassified from other comprehensive income to operating expenses as diesel is consumed at the mine site.
Performance share units
Restricted share units
For the year ended December 31, 2017, $1.1 million (2016 - $2.2 million) of restricted share unit expense and $2.1 million (2016 nil) of common shares issued under First Nations agreements expense was recognized in operating expenses.
Deferred share units
For the years ended December 31, 2017 and 2016, common shares issued under First Nations agreements prior to the commencement of commercial production at Rainy River have been capitalized to mining interests.
Depreciation and depletion relates to Peak Mines prior to reclassification as a discontinued operation.
On March 10, 2017, the Company closed a bought deal financing and related agreements and issued 61.7 million common shares at a price of $2.80 per share. Proceeds of $172.9 million are included within equity net of equity issuance costs of $8.2 million and the associated deferred tax recovery of $1.9 million.
For the purposes of this reconciliation, interest paid for the year ended December 31, 2017 excludes $3.9 million in standby fees on the Credit Facility and fees on the Company’s issued letters of credit.
Of the total $2.4 million in settlements, $1.3 million is unpaid and included in accruals as at December 31, 2017.
Fair value adjustments related to changes in the Company’s own credit risk are included in other comprehensive income.
Other fair value adjustments are included in the consolidated income statements.
Unsettled provisionally priced concentrate derivatives are included within trade and other receivables in the statement of financial position.