Suriname Gold

Suriname Gold Company LLC ("Surgold"), which is owned by Newmont Mining Corporation ("Newmont"), owns and operates the Project. In July 2014, Newmont announced it would invest in the development of the Project. Prior to reaching this milestone, Surgold completed the following requirements: Execution of the Mineral Agreement between the Government of Suriname and Surgold in November 2013; and Approval of the Feasibility Study and Environmental and Social Impact Statement (ESIA) by Suriname's Ministry of Natural Resources in December 2013. Pursuant to the Mineral Agreement, Surgold has satisfied all the conditions for the Government of Suriname to grant Surgold the right to mine.