Ann: Quarterly Activities Report, page-4

Quarterly looking good to me:ncluding:
• Q2 2021 production: A total of 8,351 gold equivalent ounces (“GEOs”) (7,966
gold ounces and 26,332 silver ounces) were produced during the quarter, a 78% increase
from Q1 2021.
• Cost of production (“C1”) per GEO reduction to US$1,115 in Q2 2021, a 29% decrease
from US$1,574 in Q1 2021 while all-in-sustaining cost (“AISC”) was US$1,647 in Q2 2021, a
38% decrease from US$2,659 in Q1 2021. The quarterly average GEO selling price was
US$1,830/oz. (Nothing leverages, it appears: My notation)
• As previously announced in the Company’s March 2021 quarterly activity report, the Company
expects production to increase during the second half of the year and meet its 45,000-50,000
GEOs guidance provided for 2021. Consequently, we forecast average annual 2021 C1 and
AISC per GEO to decrease to a range of US$850-US$950 and US$1,050- US$1,150 per
GEO, respectively.
Highlights from reported assays reported in our
19 May 2021 media release include:
• DAM-024 2.41 meters @ 10.19 g/t gold and 55.2 g/t silver
• DAM-026 1.17 meters @ 24.98 g/t gold and 77.3 g/t silver