NYSE American: VGZ

NYSE: VGZ

Market Price: 0.57
TSX: VGZ

TSX: VGZ

Market Price: (CAD) $0.79
 
Gold Price:

: XAU/USD

Market Price: $2,660.85
 
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Reserves & Resources

MT TODD RESERVES & RESOURCES 

Reserve and Resource Table 071321

Notes – Mineral Reserves:

  1. Measured & indicated mineral resources exclude proven and probable mineral reserves.
  2. The Point of Reference for the Batman and Quigleys deposits is in situ at the property. The Point of Reference for the Heap Leach is the physical Heap Leach pad at the property.
  3. Batman and Quigleys mineral resources are quoted at a 0.40g-Au/t cut-off grade. Heap Leach mineral resources are the average grade of the heap, no cut-off applied.
  4. Batman: Mineral resources constrained within a US$1,300/oz gold WhittleTM pit shell. Pit parameters: Mining Cost US$1.50/tonne, Milling Cost US$7.80/tonne processed, G&A Cost US$0.46/tonne processed, G&A/Year 8,201 K US$, Au Recovery, Sulfide 85%, Transition 80%, Oxide 80%, 0.2g-Au/t minimum for resource shell.
  5. Quigleys: Mineral resources constrained within a US$1,300/oz gold WhittleTM pit shell. Pit parameters: Mining cost US$1.90/tonne, Processing Cost US$9.779/tonne processed, Royalty 1% GPR, Gold Recovery Sulfide, 82.0% and Ox/Trans 78.0%, water treatment US$0.09/tonne, Tailings US$0.985/tonne.
  6. Differences in the table due to rounding are not considered material. Differences between Batman and Quigleys mining and metallurgical parameters are due to their individual geologic and engineering characteristics.
  7. Rex Bryan of Tetra Tech, Inc. is the QP responsible for the Statement of Mineral Resources for the Batman, Heap Leach Pad and Quigleys deposits.
  8. Thomas Dyer of RESPEC is the QP responsible for developing the resource WhittleTM pit shell for the Batman Deposit.
  9. The effective date of the Batman Deposit, Heap Leach Pad, and Quigleys Deposit mineral resources estimates under the requirements of SK-1300 is December 31, 2023. There have been no changes in the mineral resource estimates since December 31, 2022 because upon review the Company and the relevant qualified persons determined that the same material assumptions and estimates, including all economic parameters for resource estimation purposes, continued to apply as of December 31, 2023.
  10. The effective date of the Batman Deposit, Heap Leach Pad, and Quigleys Deposit mineral resource estimates under the requirements of NI 43-101 is December 31, 2023.
  11. Mineral resources that are not mineral reserves have no demonstrated economic viability and do not meet all relevant modifying factors.

Notes – Mineral Reserves (all $ in US$)::

  1. Thomas L. Dyer, P.E., is the QP responsible for reporting the Batman Deposit Proven and Probable mineral reserves.
  2. Batman deposit mineral reserves are reported using a 0.35 g Au/t cutoff grade and $1,800 per ounce gold price. A US$ 1,500/oz-Au pit shell was used.
  3. Deepak Malhotra is the QP responsible for reporting the heap-leach pad mineral reserves.
  4. Because all the heap-leach pad reserves are to be fed through the mill, these reserves are reported without a cutoff grade applied.
  5. The mineral reserves point of reference is the point where material is fed into the mill.
  6. The effective date of the mineral reserve estimates under the requirements of S-K 1300 is December 31, 2023. There have been no changes in the mineral reserve estimates since December 31, 2022 because the Company and the relevant qualified persons determined that the same material assumptions and criteria continued to apply as of December 31, 2023, including that the Company used a cutoff grade higher than the economic cutoff grade such that any intervening changes in the underlying economic assumptions were not material and did not require use of a cutoff grade greater than 0.35 g Au/t for mineral reserve estimation purposes.
  7. The effective date of the mineral reserve estimates under the requirements of NI 43-101 is December 31, 2023.

All scientific and technical information related to the 2024 Updated Feasibility Study has been prepared by, or under the supervision of, John Rozelle, a Qualified Person as defined by Item 1300 of Regulation S-K under the United States Securities Exchange Act of 1934, as amended and an independent Qualified Person as defined by Canadian National Instrument 43-101 – Standards of Disclosure of Mineral Projects.