PRODUCING ASSET NEWS 26 Streams Cobre Panama Panama Draft concession contract agreed in March with the government which is still subject to parliamentary ratification. During the month, operations resumed to normal levels with all three trains operating. Candelaria Chile Updated Technical Report provided February 22, 2023. Potential expansion of UG operations. Antapaccay Peru Mine experienced several weeks of lost production in January and February. Operations have since resumed with increased security. Royalties ANTAPACCAY Vale Iron Ore Brazil Royalty payment for H2 2022 received in March reflects higher than anticipated sales volume and realized pricing. Vale expects the Southeastern System to commence payment under the royalty in 2025. Detour Lake Ontario Mine life extended by 10 years to 2052. 5.6 Moz added to reserves year-over-year. Agnico Eagle evaluating expansion to 1 Moz per year. Ongoing exploration success. Stillwater Montana Higher production expected in 2023 with production rates normalizing since flood in June 2022, but impacted by incident resulting in damaged shaft infrastructure in March 2023. Subika Ghana Production expected to increase in 2023-2024, due to higher open pit grades and increased tonnage with change in mining method at Subika underground. VALE IRON ORE Tasiast Mauritania Ramp-up to operate consistently at 24 ktpd expected to be achieved by the end of 2023. Kirkland Lake Ontario Completed Shaft #4 and new ventilation system. Drilling planned to continue at AK in 2023, with aim to upgrade and increase the indicated Mineral Resources. Canadian Québec Odyssey project on track. Continued positive drilling results at East Gouldie deposit, indicated resource Malartic increased 3.8 Moz year-over-year. Ownership consolidated 100% under Agnico Eagle in January 2023. LIORC Newfoundland Significant capital program under way, reduces near-term dividend outlook. March 2023 dividend of C$0.50/share. Island Gold Ontario Expansion to 2,400 tpd expected to be completed in 2026. Extension of high-grade gold mineralization laterally and at depth. ISLAND GOLD Caserones Chile Lundin Mining to acquire 51% ownership with option to increase to 70%. Indicated timing based on operator guidance Milpillas Mexico Production resumed mid-2022 after being on care and maintenance since Q2 2020.
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