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                                    Production and Reserves

                                    There are no mineral reserves to report for either the TC Mine or the Endako Mine for the year ended December 31, 2015. A review conducted by TCM indicated that the mineral reserves at the TC Mine and the Endako Mine were no longer viable (at prices and exchange rates discussed below), and as such, were re-classified as mineral resources in the 2015 mineral resources statement reported herein.

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