Mineral Reserve Estimates as at December 31, 2013

Metal Grade Contained Metal
Tonnes
000s
Gold
g/t
Silver
g/t
Copper
%
Gold
Koz
Silver
Koz
Copper
Mlbs
New Afton
Proven 
Probable 48,821 0.56 2.2 0.84 879 3,500 904
Total New Afton P&P 48,821 0.56 2.2 0.84 879 3,500 904
Mesquite
Proven  3,809 0.70 86
Probable 112,094 0.60 2,152
Total Mesquite P&P 115,903 0.60 2,237
Peak Mines
Proven  1,820 4.35 6.7 1.16 255 390 47
Probable 1,820 2.69 7.4 1.27 157 430 51
Total Peak Mines P&P 3,640 3.52 7.1 1.22 412 820 98
Cerro San Pedro
Proven  12,982 0.47 17.5 197 7,311
Probable 13,714 0.44 18.7 195 8,239
Total Cerro San Pedro P&P 26,696 0.46 18.1 392 15,550
Rainy River
Direct processing material
Open Pit
Proven 15,839 1.47 2.0 746 1,038
Probable 46,866 1.26 3.1 1,896 4,594
Open Pit P&P (direct processing) 62,705 1.31 2.8 2,642 5,632
Underground
Proven
Probable 4,187 4.96 10.3 668 1,388
Underground P&P (direct processing) 4,187 4.96 10.3 668 1,388
Stockpile material
Open Pit
Proven 6,843 0.38 1.5 84 332
Probable 30,541 0.39 2.1 378 2,058
Open Pit P&P (stockpile) 37,384 0.38 2.0 462 2,390
Total P&P
Proven  22,681 1.14 1.9 830 1,370
Probable 81,594 1.12 3.1 2,943 8,040
Total Rainy River P&P 104,275 1.13 2.8 3,773 9,410
Blackwater
Direct processing material
Proven 124,500 0.95 5.5 3,790 22,100
Probable 169,700 0.68 4.1 3,730 22,300
P&P (direct processing) 294,300 0.79 4.7 7,510 44,400
Stockpile material
Proven 20,100 0.50 3.6 330 2,300
Probable 30,100 0.34 14.6 330 14,100
P&P (stockpile) 50,200 0.40 10.2 650 16,400
Total Blackwater P&P 344,400 0.74 5.5 8,170 60,800
El Morro 100% Basis 30% Basis
Proven 321,814 0.56 0.55 1,746 1,163
Probable 277,240 0.35 0.43 929 788
Total El Morro P&P 599,054 0.46 0.49 2,675 1,951
Total P&P 18,538 90,080 2,953

Measured and Indicated Mineral Resource Estimates (Inclusive of Reserves) as at
December 31, 2013

Metal Grade Contained Metal
Tonnes
000s
Gold
g/t
Silver
g/t
Copper
%
Gold
Koz
Silver
Koz
Copper
Mlbs
New Afton
A&B Zones
Measured 41,059 0.79 2.7 1.09 1,041 3,624 984
Indicated 26,966 0.44 2.1 0.65 384 1,777 384
A&B Zone M&I 68,025 0.65 2.5 0.91 1,425 5,401 1,368
C-Zone
Measured   618 0.75 1.5 0.91 15 30 12
Indicated 25,223 0.84 2.0 0.91 678 1,589 504
C-Zone M&I 25,842 0.83 2.0 0.91 693 1,620 516
HW Lens
Measured
Indicated 11,035 0.50 2.2 0.43 179 763 104
HW Lens M&I 11,035 0.50 2.2 0.43 179 763 104
Total New Afton M&I 104,901 0.68 2.3 0.86 2,297 7,786 1,988
Mesquite
Measured 9,070 0.66 191
Indicated 304,081 0.48 4,713
Total Mesquite M&I 313,151 0.49 4,904
Peak Mines
Measured 3,000 4.69 6.7 1.06 450 650 70
Indicated 3,400 3.29 6.7 1.18 360 730 88
Total Peak Mines M&I 6,400 3.95 6.7 1.12 810 1,380 158
Cerro San Pedro
Measured 13,387 0.46 17.3 199 7,459
Indicated 14,311 0.43 18.4 198 8,489
Total Cerro San Pedro M&I 27,698 0.45 17.9 397 15,948
Rainy River
Direct processing material
Open Pit
Measured 20,282 1.45 1.9 947 1,261
Indicated 80,411 1.35 2.6 3,486 6,584
Open Pit M&I (direct processing) 100,693 1.37 2.4 4,433 7,846
Underground
Measured 89 4.95 2.8 14 8
Indicated 5,469 4.53 11.3 796 1,994
Underground M&I (direct processing) 5,558 4.53 11.2 810 2,002
Stockpile material
Open Pit
Measured 6,294 0.37 1.3 74 262
Indicated 64,816 0.44 2.2 919 4,526
Open Pit M&I (stockpile) 71,110 0.43 2.1 993 4,788
Total M&I
Measured 26,665 1.21 1.8 1,035 1,531
Indicated 150,696 1.07 2.7 5,202 13,104
Total Rainy River M&I 177,361 1.09 2.6 6,236 14,635
Blackwater
Direct processing material
Measured 116,955 1.04 5.6 3,900 21,060
Indicated 189,044 0.78 6.0 4,730 36,470
M&I (direct processing) 305,999 0.88 5.8 8,620 57,520
Stockpile material
Measured 26,521 0.30 4.1 260 3,500
Indicated 64,382 0.30 4.4 620 9,110
M&I (stockpile) 90,904 0.30 4.3 870 12,600
Total Blackwater P&P 396,903 0.74 5.5 9,500 70,130
Capoose
Indicated 20,280 0.50 22.4 320 14,620
El Morro 100% Basis 30% Basis
Measured 341,604 0.56 0.54 1,848 1,230
Indicated 349,803 0.35 0.42 1,193 977
Total El Morro M&I 691,407 0.46 0.48 3,041 2,207
Total M&I 27,505 124,499 4,353

Inferred Resource Estimates as at December 31, 2013

Metal Grade Contained Metal
Tonnes
000s
Gold
g/t
Silver
g/t
Copper
%
Gold
Koz
Silver
Koz
Copper
Mlbs
New Afton
A&B Zones 5,607 0.32 1.5 0.38 59 272 46
C-Zone 11,288 0.63 1.7 0.64 227 602 159
HW Lens 818 0.56 1.3 0.42 15 33 7
New Afton Inferred 17,713 0.53 1.6 0.54 301 907 212
Mesquite 17,550 0.42 238
Peak Mines 2,000 2.34 4.7 1.17 150 300 51
Cerro San Pedro 1,174 0.34 11.6 13 436
Rainy River
Direct processing
Open Pit 9,388 0.97 2.3 292 687
Underground 2,641 4.46 8.3 379 707
Total direct processing 12,029 1.74 3.6 671 1,394
Stockpile
Open Pit 8,626 0.37 1.2 102 323
Rainy River Inferred 20,655 1.16 2.6 773 1,717
Blackwater
Direct processing 13,815 0.76 4.1 340 1,820
Stockpile  3,785 0.31 3.6 40 440
Blackwater Inferred 17,600 0.66 4.0 380 2,260
Capoose 29,263 0.39 26.3 370 24,740
100%
Basis
30%
Basis
El Morro – Open Pit 564,217 0.16 0.26 871 970
El Morro – Underground 113,840 0.97 0.78 1,065 587
Total Inferred 4,161 30,360 1,821