YOUNG DAVIDSON GOLD MINE

Young-Davidson is a large, low-cost, bulk tonnage underground mine located in Northern Ontario. The Young-Davidson property consists of contiguous mineral leases and claims totaling approximately 11,700 acres. With a large Mineral Reserve base, Young-Davidson is a long-life operation with significant Mineral Resources and exploration potential to support mine life extension.

A multi-year expansion of the operation was completed in July 2020. The completion of this lower mine expansion is expected to drive production higher and operating costs lower through a number of productivity improvements. Combined with declining capital spending, this is expected to drive strong free cash flow growth going forward.