Newcastle Minerals Ltd A.NCM

Fourth Quarter 2018 Summary

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Fourth Quarter 2018 Summary

• Production of 96,342 ounces of gold at a mill feed grade of 11.5 grams per tonne gold.
• Revenue of $108.6 million on 89,011 ounces of gold sold.
• Total cost of sales $72.5 million or $814 per ounce of gold sold¹.
• AISC of $784 per ounce of gold sold¹.
• Earnings from mine operations¹ of $36.1 million.
• Net earnings of $2.8 million ($0.01 per share).
• Adjusted earnings¹ of $20.2 million ($0.11 per share¹).
• Generated $42.9 million cash from operating activities.
• Achieved an average realized cash margin¹ of $594 per ounce of gold sold.