Marmato Operations

Underlying Asset:

SVI refining contract on GCM’s Marmato Mine production

Contract Jurisdiction:

Ontario, Canada

Location:

Caldas, Colombia

Type of company:

Mining

Contract:

Refining Contract

Terms:

2% average Au discount for 11 years

14% Ag discount for 11 years

Yearly Ounces:

~Au: 25,000 ~Ag: 35,000

marmato 1

marmato 2

marmato 1

1/2

•Modernization project and exploration 100% covered by the refining contract

•New NI 43-101 in 4Q2017 will increasing underground resources

•2017 production guideline: 25,000 Oz

•Cash Cost USD 1,062/Oz

Highlights