Ann: Quarterly Activities Report, page-2

Horrible. After 9422 oz/e in Sept q guidance suggests range of 7543 to 12543 oz/e in last quarter in Chile. Not much improvement this quarter. Grade fallen sharply from underground ore from 8.9 g/t au to only 5.1 g/tau. Marginally profitable given exploration spending.

Covid at Rawhide in September. Produced 19536 oz/e year to date and guidance suggests around 10000 oz/e in last quarter (which seems unlikely given covid), of which we get a reduced 22.78%.

Thanks for letting us know. This is run like a private company.