TSX: G $ 26.93 -0.78 -2.81% Volume: 2,244,322 June 19, 2013
NYSE: GG $ 26.20 -0.94 -3.46% Volume: 6,538,191 June 19, 2013
GOLD: US $ 1,351.55 -16.20 -1.18% Volume: June 19, 2013
Unrivalled-Assets

New discoveries & progress in community relations.

In 2010, Marlin mine produced its one-millionth ounce of gold and continues to generate significant cash flow. Marlin has been in production since late 2005, operating as both an open pit and underground mine. Open pit operations ceased in early 2012 as the final, higher-grade portion of the open pit was mined, and the mine is now an underground operation only. Successful exploration activities in the area indicate the potential for extending the life of this highly productive mine.

The discovery of a bonanza grade vein—the Delmy vein, which is located near the Marlin deposit and within the existing mining area—will contribute significantly to the mine’s future production. Underground development is in progress towards this vein.

KEY OPERATIONAL FACTS
Location Red Lake, Ontario
Workforce (including contractors) 1,280
Estimated mine life (reserves) 12 years
Mining type Longhole, Underhand and
Overhand Cut and Fill
Processing method Cyanidation
Power usage 38 MW/hr
Milling/Processing capacity 3,100 tpd
2013 gold production estimate 475,000 - 510,000 oz
GOLD RESERVES
(as of December 31, 2012)  
Proven (oz) 760,000
Probable (oz) 2,470,000
Proven and Probable (oz)* 3,230,000

* Due to rounding, numbers may not add up.

KEY FACTS SUMMARY 2012A 2011A 2010A
Operating data      
Gold produced (oz) 507,700 622,000 703,300
Gold sold (oz) 508,300 623,200 701,000
Ore milled/processed (t) 858,100 839,600 876,600
Gold grade (g/t) 19.52 23.92 26.0
Gold recovery (%) 96% 97% 97%
By-product cash costs (US$/oz) $494 $360 $297
Realized gold price (US$/oz) $1,673 $1,554 $1,233
Throughput (tpd) 2,380 2,330 2,440
Mining costs per tonne mined (US$/t moved) $219 $178 $161
Processing costs per tonne milled (US$/t milled) $40 $37 $34
       
Financial data (US$ millions)      
Revenues $852 $971 $866
Depreciation and depletion $83 $89 $112
Earnings from operations $503 $636 $528
Expenditures on mining interests $281 $268 $204
KEY OPERATIONAL FACTS
Location Timmins, Ontario
Workforce (including contractors) 820
Estimated mine life (reserves) 13 years
Mining type Underground
and Stockpiles
Processing method Milling with Gravity
and CIP Recovery
Power usage 22 MW
Milling/Processing capacity 11,000 tpd
2013 gold production estimate 270,000 - 280,000oz
GOLD RESERVES
(as of December 31, 2012)  
Proven (oz) 1,400,000
Probable (oz) 2,940,000
Proven and Probable (oz)* 4,350,000

* Due to rounding, numbers may not add up.

KEY FACTS SUMMARY 2012A 2011A 2010A
Operating data      
Gold produced (oz) 262,800 273,100 265,900
Gold sold (oz) 262,800 273,100 265,900
Ore milled/processed (t) 4,162,400 4,109,900 4,129,400
Gold grade (g/t) 2.12 2.26 2.14
Gold recovery (%) 93% 91% 92%
By-product cash costs (US$/oz) $772 $656 $595
Realized gold price (US$/oz) $1,665 $1,587 $1,234
Throughput (tpd) 11,560 11,420 11,470
Mining costs per tonne mined (US$/t moved) $140 $126 $91
Processing costs per tonne milled (US$/t milled) $12 $11 $11
       
Financial data (US$ millions)      
Revenues $439 $434 $329
Depreciation and depletion $51 $80 $82
Earnings from operations $88 $132 $74
Expenditures on mining interests $111 $92 $88
KEY OPERATIONAL FACTS
Location Opapamiskan Lake, Ontario
Workforce (including contractors) 855
Estimated mine life (reserves) 13 years
Mining type Underground
Processing method CIP
Power usage 17 MW
Milling/Processing capacity 4,500 tpd
2013 gold production estimate 250,000 - 260,000oz
GOLD RESERVES
(as of December 31, 2012)   
Proven (oz) 1,150,000
Probable (oz) 1,140,000
Proven and Probable (oz)* 2,290,000

* Due to rounding, numbers may not add up.

KEY FACTS SUMMARY 2012A 2011A 2010A
Operating data      
Gold produced (oz) 239,200 242,600 258,700
Gold sold (oz) 242,200 241,500 257,200
Ore milled/processed (t) 1,299,600 1,327,300 1,446,800
Gold grade (g/t) 6.03 5.91 5.78
Gold recovery (%) 96% 96% 96%
By-product cash costs (US$/oz) $760 $725 $625
Realized gold price (US$/oz) $1,662 $1,574 $1,239
Throughput (tpd) 3,610 3,690 4,020
Mining costs per tonne mined (US$/t moved) $79 $76 $65
Processing costs per tonne milled (US$/t milled) $16 $16 $23
       
Financial data (US$ millions)      
Revenues $403 $381 $319
Depreciation and depletion $44 $36 $36
Earnings from operations $161 $158 $112
Expenditures on mining interests $99 $67 $78
KEY OPERATIONAL FACTS
Location Humboldt County,
Nevada
Workforce (including contractors) 345
Estimated mine life (reserves) 16 years
Mining type Open Pit
Processing method Heap Leach
Power usage 17.8 MW
Milling/Processing capacity 33,000 tpd
2013 gold production estimate 95,000 - 100,000oz
GOLD RESERVES
(as of December 31, 2012)   
Proven (oz) 510,000
Probable (oz) 2,770,000
Proven and Probable (oz)* 3,280,000

* Due to rounding, numbers may not add up.

KEY FACTS SUMMARY 2012A 2011A 2010A
Operating data      
Gold produced (oz) 96,300 102,500 91,200
Gold sold (oz) 96,000 103,700 91,200
Ore milled/processed (t) 7,989,800 8,596,400 6,162,600
Gold grade (g/t) 0.55 0.58 0.61
Gold recovery (%) 73% 73% 73%
By-product cash costs (US$/oz) $776 $784 $678
Realized gold price (US$/oz) $1,666 $1,573 $1,224
Throughput (tpd) 33,290 35,820 25,680
Mining costs per tonne mined (US$/t moved) $1.77 $1.83 $1.48
Processing costs per tonne milled (US$/t milled) $1.36 $1.02 $1.23
       
Financial data (US$ millions)      
Revenues $160 $163 $112
Depreciation and depletion $17 $19 $17
Earnings from operations $67 $61 $30
Expenditures on mining interests $45 $25 $20
KEY OPERATIONAL FACTS
Location Lead, South Dakota
Workforce (including contractors) 155
Estimated mine life (reserves) 7 years
Mining type Open Pit
Processing method Heap Leach
Power usage 2.2 MW
Milling/Processing capacity 7,800 tpd
2013 gold production estimate 55,000 - 60,000oz
GOLD RESERVES
(as if December 31, 2012)   
Proven (oz) 270,000
Probable (oz) 310,000
Proven and Probable (oz)* 580,000

* Due to rounding, numbers may not add up.

KEY FACTS SUMMARY 2012A 2011A 2010A
Operating data      
Gold produced (oz) 68,100 67,500 73,300
Gold sold (oz) 71,000 64,800 71,300
Ore milled/processed (t) 3,185,500 2,890,500
3,103,300
Gold grade (g/t) 0.77 0.90 0.71
Gold recovery (%) 78% 76% 76%
By-product cash costs (US$/oz) $668 $643 $645
Realized gold price (US$/oz) $1,658 $1,578 $1,233
Throughput (tpd) 8,850 8,030 8,620
Mining costs per tonne mined (US$/t moved) $2.64 $2.72 $2.26
Processing costs per tonne milled (US$/t milled) $1.50 $1.78 $1.46
       
Financial data (US$ millions)      
Revenues $125 $109 $91
Depreciation and depletion $3 $3 $6
Earnings from operations $67 $58 $35
Expenditures on mining interests $8 $16 $5
KEY OPERATIONAL FACTS
Location Guatemala
Workforce (including contractors) 2,030
Estimated mine life (reserves) 5 years
Mining type Open Pit and
Underground
Processing method Crushing, Grinding
and Cyanide Milling
Power usage 7–8 MW
Milling/Processing capacity 6,000 tpd
2013 gold production estimate 185,000 - 200,000oz
GOLD AND SILVER RESERVES
(as of December 31, 2012)   
Gold Reserves  
Proven (oz) 380,000
Probable (oz) 620,000
Proven and Probable (oz)* 1,000,000
   
Silver Reserves  
Proven (oz) 13,230,000
Probable (oz) 31,850,000
Proven and Probable (oz)* 45,080,000

* Due to rounding, numbers may not add up.

KEY FACTS SUMMARY 2012A 2011A 2010A
Operating data      
Gold produced (oz) 207,300 382,400 296,100
Gold sold (oz) 209,100 381,100 296,000
Ore milled/processed (t) 1,936,300 1,685,600 1,599,700
Gold grade (g/t) 3.44 7.36 5.94
Gold recovery (%) 96% 96% 96%
By-product cash costs (US$/oz) $(75) $(343) $(19)
Realized gold price (US$/oz) $1,658 $1,598 $1,241
Throughput (tpd) 5,380 4,680 4,440
Mining costs per tonne mined (US$/t moved) $4.14/$72 $2.29/$64 $1.56/$47
Processing costs per tonne milled (US$/t milled) $28.59 $26.84 $20.20
       
Financial data (US$ millions)      
Revenues $551 $907 $501
Depreciation and depletion $100 $129 $101
Earnings from operations $256 $607 $269
Expenditures on mining interests $97 $105 $73
OPERATING STATISTICS
Alumbrera (37.5%) 2012A 2011A 2010A
Tonnes Ore Mined (000's) 11,772 8,335 9,384
Waste Mined tonnes (000's) 24,607 19,576 22,173
Strip ratio waste:ore 2.1 2.3 2.4
Ore Milled tonnes (000's) 14,887 14,325 14,035
Milled Grade Au g/t 0.40 0.42 0.46
Milled Grade Cu % 0.41% 0.40% 0.46%
Total Recovery Au % 71% 69% 71%
Total Recovery Cu % 84% 77% 83%
Total Production Au oz 136,600 133,500 152,000
Total Production Cu lbs (000's) 112,200 96,500 116,000
Total Cash Cost* US $/oz $(774) $(188) $(619)
OPERATING STATISTICS 2005
(actual)
2006
(actual)
2007
(actual)
San Martin      
Ore mined tonnes (000's) 5,200 4,022 2,599
Ore Processed tonnes(000's) 5,198 4,023 2,975
Grade Au g/t 0.68 0.78 0.77
Total Recovery Au % 59% 55% 53%
Total Production Au oz 81,500 59,600 45,300
Total Cash Costs US$/oz $294 $350 $479
KEY OPERATIONAL FACTS
Location Zacatecas, Mexico
Workforce (including contractors) 2,695
Estimated mine life (reserves) 22 years
Mining type Open Pit
Processing method Flotation
and Grinding
Power usage 161,945 MW
Milling/Processing capacity 130,000 tpd
2013 gold production estimate 360,000 - 400,000oz

 

KEY FACTS SUMMARY  2012A 2011A 2010A
Operating data    
Gold produced (oz)  411,300 254,100 168,200
Gold sold (oz)  399,900 233,400 82,200
Ore milled/processed (t)  42,361,400 42,125,200 31,177,800
Gold grade (g/t)  0.50 0.37 0.27
Gold recovery (%)  69% 61% 48%
By-product cash costs (US$/oz)  $(457) ($847) ($863)
Realized gold price (US$/oz)  $1,693 $1,576 $1,355
Throughput (tpd)  101,130 86,110 86,610
Mining costs per tonne mined (US$/t moved)  $1.74 $1.56 $1.12
Processing costs per tonne milled (US$/t milled)  $8.16 $8.32 $6.34
     
Financial data (US$ millions)    
Revenues  $1,588 $1,144 $357
Depreciation and depletion  $207 $170 $63
Earnings from operations  $640 $376 $109
Expenditures on mining interests  $259 $170 $197
KEY OPERATIONAL FACTS
Location Mezcala, Guerrero, Mexico
Workforce (including contractors) 2,120
Estimated mine life (reserves) 14 years
Mining type Open Pit
and Underground
Processing method Static Heap
Leaching (Cyanide)
Power usage 4 MW
Milling/Processing capacity 70,000 tpd
2013 gold production estimate 340,000 - 350,000oz
GOLD AND SILVER RESERVES
(as of December 31, 2012) 
Gold reserves
Proven (oz) 2,250,000
Probable (oz) 5,180,000
Proven and Probable (oz)* 7,430,000
   
Silver reserves  
Proven (oz) 12,320,000
Probable (oz) 40,210,000
Proven and Probable (oz)* 52,540,000

* Due to rounding, numbers may not add up.

KEY FACTS SUMMARY 2012A 2011A 2010A
Operating data      
Gold produced (oz) 340,400 336,500 306,100
Gold sold (oz) 339,000 334,900 304,200
Ore milled/processed (t) 29,589,000 26,565,800 28,055,300
Gold grade (g/t) 0.69 0.74 0.67
Gold recovery (%) 48% 47% 44%
By-product cash costs (US$/oz) $551 $463 $423
Realized gold price (US$/oz) $1,663 $1,553 $1,237
Throughput (tpd) 82,190 73,790 77,930
Mining costs per tonne mined (US$/t moved) $1.48/$95 $1.32/$84 $1.28/$72
Processing costs per tonne milled (US$/t milled) $2.25 $2.05 $1.51
       
Financial data (US$ millions)      
Revenues $565 $522 $378
Depreciation and depletion $50 $58 $50
Earnings from operations $325 $302 $187
Expenditures on mining interests $85 $74 $48
KEY OPERATIONAL FACTS
Location Urique, Chihuahua, Mexico
Workforce (including contractors) 495
Estimated mine life (reserves) 4 years
Mining type Open Pit
Processing method Dynamic Cyanide
Circuit with CIP
Power usage 9 MW
Milling/Processing capacity 6,000 tpd
2013 gold production estimate 70,000 - 80,000oz
Gold reserves
(as of December 31, 2012)   
Proven (oz) 0
Probable (oz) 220,000
Proven and Probable (oz)* 220,000

* Due to rounding, numbers may not add up.

KEY FACTS SUMMARY 2012A 2011A 2010A
Operating data      
Gold produced (oz) 81,800 100,500 152,100
Gold sold (oz) 81,600 100,500 152,200
Ore milled/processed (t) 1,992,300 2,075,900 2,050,300
Gold grade (g/t) 1.36 1.60 2.45
Gold recovery (%) 94% 94% 94%
By-product cash costs (US$/oz) $696 $524 $301
Realized gold price (US$/oz) $1,666 $1,583 $1,234
Throughput (tpd) 5,530 5,770 5,700
Mining costs per tonne mined (US$/t moved) $1.51 $1.40 $1.48
Processing costs per tonne milled (US$/t milled) $11.82 $12.12 $10.73
       
Financial data (US$ millions)      
Revenues $137 $160 $189
Depreciation and depletion $35 $43 $66
Earnings from operations $41 $62 $72
Expenditures on mining interests $9 $11 $8