2016 SALOBO ANALYST TOUR

PRESENTATION

MAY 13, 2016

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SALOBO ANALYST TOUR 2016 MINE LOCATION

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SALOBO ANALYST TOUR 2016 MINE OVERVIEW

TAILINGS DAM

MAINTENANCE AND

ADMINISTRATION FACILITIES

PRIMARY AND SECONDARY

CRUSHING

CONCENTRATION PLANT

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SALOBO ANALYST TOUR 2016 MINE LAYOUT

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SALOBO ANALYST TOUR 2016 REGIONAL INFRASTRUCTURE

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SALOBO ANALYST TOUR 2016 DECEMBER 31, 2015 RESOURCES & RESERVES

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SALOBO ANALYST TOUR 2016 DRILLING SUMMARY

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SALOBO ANALYST TOUR 2016 SCHEMATIC GEOLOGY MODEL

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SALOBO ANALYST TOUR 2016 COPPER MINERALIZATION

A

B

C

D

Note: Figure from SMSA/CVRD, 2003a. Copper mineralization in disseminations (A), stringers (B),

massive accumulations (C), and veins (D).

A

B

C

D

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SALOBO ANALYST TOUR 2016 BRAZIL –GENERAL GEOLOGY

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SALOBO ANALYST TOUR 2016 GEOLOGY –PLAN VIEW

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SALOBO ANALYST TOUR 2016 GEOLOGY – SECTION VIEW

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SALOBO ANALYST TOUR 2016 R&R CLASSIFICATION – TYPICAL SECTION

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SALOBO ANALYST TOUR 2016 EXPLORATION UPSIDE

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SALOBO ANALYST TOUR 2016 PRODUCTION PROFILE

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SALOBO ANALYST TOUR 2016 PIT PHASES

Phase 01

Phase 02

Phase 03

Phase 04

Phase 05

Phase 06Phase 07

A

A

BC

C

B

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SALOBO ANALYST TOUR 2016 PROCESS FLOWSHEET

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SALOBO ANALYST TOUR 2016 ACTUAL PROCESS RECOVERIES

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SALOBO ANALYST TOUR 2016 ACTUAL CONCENTRATE GRADE

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SALOBO ANALYST TOUR 2016 RECONCILIATIONS