10.3 2016 investor presentation pea

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6. ENV_B
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7. ENV_B
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ENV_D

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10. $521
$594
$667
$739
$804
$874
0%
3%
6%
9%
12%
15%
18%
21%
24%
--
$100
$200
$300
$400
$500
$600
$700
$800
$1,150 $1,200 $1,250 $1,300 $1,350 $1,400
Gold Price (US$/oz) $1,150 $1,200 $1,250 $1,300 $1,350 $1,400
Pre-Tax NPV 5% C$M $898 $1,015 $1,131 $1,248 $1,364 $1,481
After-Tax NPV 5% C$M $521 $594 $667 $739 $804 $874
Pre-Tax IRR 17.4% 18.7% 20.0% 21.3% 22.5% 23.7%
After-Tax IRR 13.8% 15.0% 16.0% 17.1% 18.0% 18.9%
Pre-Tax Payback Years 4.4 4.1 3.8 3.5 3.3 3.1
After-Tax Payback Years 4.7 4.4 4.1 3.8 3.6 3.4

11. ($1,000)
($600)
($200)
$200
$600
$1,000
$1,400
-4 -3 -2 -1 1 2 3 4 5 6 7 8 9 10 11 12
C$M

12. Production Metrics
Total Material Mined (tonnes) 63,751,006
Average Diluted Grade of
Material (g/t AuEq)
2.60
Total Gold Contained (oz Au) 3,345,371
Total Gold Produced (oz Au) 3,050,617
Payable Gold Produced (oz
Au)
2,902,604
Payable Gold Recovery 86.8%
NSR/tonne (C$/tonne) 106
Average Au Production LOM
(Oz Au)
236
Mine Life 12
Gold Production
NSR Revenue Split
0
50
100
150
200
250
300
-1 1 2 3 4 5 6 7 8 9 10 11 12
koz
Annual Au Ozs

13. Cash Cost Summary
On-Site Mining $324
On-Site Processing $340
Tailings and water $70
On-Site G&A $47
Smelting and Refining $107
Royalties $35
By-Product Credit ($608)
Sustaining $98
Closure $13
Total $427
Gold Margin $823
Margin (US$)
--
$200
$400
$600
$800
$1,000
$1,200
$1,400

14. Transverse Long Hole Method - Low CostCash Cost Summary (per tonne)
On-Site Mining C$20 US$15
On-Site Processing C$21 US$15
Tailings and Water C$4 US$3
On-Site G&A C$3 US$2
Smelting and Refining C$7 US$5
Royalties $2 US$2
By-Product Credit (C$37) (US$28)
Sustaining C$6 US$4
Closure C$1 US$1
Total C$26 US$19
Per Tonne Margin US$46

16. Cash Cost Summary
On-Site Mining $324
On-Site Processing $340
Tailings and water $70
On-Site G&A $47
Smelting and Refining $107
Royalties $35
By-Product Credit ($608)
Sustaining $98
Closure $13
Total $427
Pre-Production Cost $234
All-In Costs $660
Gold Margin $590
Margin (US$)
--
$200
$400
$600
$800
$1,000
$1,200
$1,400

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29. 0
150
300
450
600
750
900
1,050
1,200
1,350
$0.20
$0.25
$0.30
$0.35
$0.40
$0.45
$0.50
$0.55
$0.60
$0.65
30-Jun-15 31-Aug-15 31-Oct-15 31-Dec-15 29-Feb-16 30-Apr-16
VOLUME(IN000'S)
PRICE(C$)

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Balmoral 700 km
Lake Shore Gold 182 km
Niogold 125 km
Eastmain Resources 125 km
Eagle Hill 124 km
St. Andrews Goldfields 120 km
Integra Gold 30 km
Falco Resources 740+ km

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40. ENV_B
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ENV_D

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N S

43. (0$NSR) 2015 Confirmation Drilling Results (Weighted average)
Hole_ID
From
(m)
To
(m)
Length
(m)
Au
(g/t)
Ag
(g/t)
Cu
(%)
Zn
(%)
Au_Eq_
With
Silver
(g/t)
Au_Eq_
Without
Silver
(g/t)
Au
(g/t)
Ag
(g/t)
Cu
(%)
Zn
(%)
Au_Eq_
Without
Silver
(g/t)
2015 vs
2014
%
H5-15-01 1,110 1,141 31.2 2.03 10.16 0.46 0.04 3.00 2.85 2.26 0.30 0.10 2.82 0.9%
H5-15-01-Atw 1,105 1,142 36.7 0.88 4.51 0.27 0.06 1.45 1.38 2.18 0.35 0.12 2.85 (51.5%)
H5-15-02 1,001 1,102 100.9 1.32 29.46 0.11 1.94 2.93 2.48 1.14 0.11 1.19 1.92 29.4%
H5-15-02-Atw 1,002 1,089 87.0 1.43 28.61 0.13 1.47 2.82 2.39 1.25 0.12 1.41 2.16 10.6%
H5-15-03B 1,248 1,365 116.7 0.50 15.51 0.06 1.00 1.34 1.11 0.79 0.06 0.67 1.23 (9.7%)
H5-15-03Dtw 1,255 1,390 134.4 0.55 15.44 0.08 1.10 1.46 1.23 0.82 0.06 0.70 1.28 (3.7%)
H5-15-04 1,302 1,327 25.5 0.73 10.27 0.13 0.71 1.45 1.30 0.81 0.11 1.11 1.55 (16.3%)
H5-15-04-Atw 1,290 1,320 30.3 0.95 11.05 0.14 1.79 2.26 2.09 0.83 0.12 1.13 1.61 30.1%
H5-15-06 1,189 1,243 54.5 1.36 16.16 0.26 0.73 2.43 2.19 1.84 0.29 0.31 2.50 (12.6%)
H5-15-06-Atw 1,189 1,247 57.5 1.72 22.50 0.32 0.99 3.11 2.77 1.89 0.28 0.28 2.51 10.2%
H5-15-05 1,803 1,896 92.6 1.96 16.14 0.12 0.57 2.71 2.47 2.31 16.08 0.13 0.53 2.81 (12.1%)
H5-15-05-Atw 1,800 1,853 53.0 2.49 15.17 0.14 0.70 3.30 3.08 2.16 11.71 0.11 0.40 2.56 20.4%
H5-15-08 1,441 1,550 108.9 2.20 14.16 0.30 0.32 3.10 2.88 1.88 0.24 0.39 2.49 16.0%
H5-15-08W 1,443 1,550 107.1 2.00 13.13 0.27 0.53 2.93 2.73 1.90 0.26 0.28 2.49 9.7%
H5-15-07-A 1,958 1,986 28.0 0.41 17.32 0.10 1.86 1.77 1.51 0.91 0.38 0.13 1.63 (6.8%)
H5-15-07-Btw 1,956 1,986 30.0 0.52 18.21 0.12 1.39 1.70 1.42 0.96 0.35 0.13 1.65 (13.6%)
H5-15-09-A 1,178 1,223 45.1 1.98 32.57 0.25 1.06 3.43 2.94 1.31 0.17 1.10 2.15 36.9%
H5-15-09-Btw 1,177 1,221 43.7 1.38 24.85 0.16 1.06 2.57 2.20 1.22 0.15 1.13 2.05 7.0%
Total 1183.1 1.40 18.12 0.18 0.95 2.45 2.18 1.46 14.49 0.17 0.65 2.09 4.3%
Weighted Average of 2014 Raw Assays
within a 15 m radius cylinder around DDH