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Reserves and Resources

Summary of the mineral resources and ore reserves as at 1 January 2012 with further updates for Tamunier, Tsokol, Ozerny, Avlayakan, Dalniy

Tonnage, Kt Gold grade, g/t Silver grade, g/t GE grade, g/t Gold, Koz Silver, Koz Copper, Kt GE, Koz
Summary
Mineral Resources
Measured 15,853 1.5 113 3.5 762 57,748 15 1,799
Indicated 45,353 1.3 61 2.4 1,827 89,197 33 3,476
Measured + Indicated 61,206 1.3 75 2.7 2,590 146,945 47 5,272
Inferred 94,550 2.9 10 3.1 8,923 29,281 27 9,545
Measured + Indicated + Inferred 155,756 2.3 35 3.0 11,511 176,227 74 14,818
Ore Reserves
Proved 59,529 2.9 102 4.6 5,535 195,915 10 8,849
Probable 50,633 2.8 67 4.0 4,494 109,719 34 6,494
Proved + Probable 110,162 2.8 86 4.3 10,029 305,634 43 15,342

Notes:

(1) Mineral Resources and Ore Reserves are estimated in accordance with the JORC Code (2004).
Mineral Resources are in addition to Ore Reserves. Discrepancies in calculations are due to rounding
(2) GE = gold equivalent based on 60 Au/Ag ratio and 5 Cu/Au ratio
(3) Total values may be subject to the effect of rounding


Reserves and resources as at 1 January 2012 (JORC)

2011 Reserves and Resources statement with further updates for Tamunier, Tsokol, Ozerny, Avlayakan, Dalniy