Outlook for 2020

● Gold production in 2019 is expected to be 520,000 to 560,000 ounces, or 16.17 and 17.42 tonnes.

● 2020 total capital expenditures, excluding capitalized stripping, are forecast to be $67 million.

● Growth capital investment at Kumtor for 2020 is forecast at $18 million

● The cash component of capitalized stripping costs related to the development of the open pit is expected to be $173 million of the $215 million total capitalized stripping estimated in 2020.

● Exploration expenditures expected to be $20 million