725 654 All-in Sustaining Cost (US$/oz)(1) 100 54 140 2018 2019 2020 319 Adjusted EBITDA (US$M)(2) 98 97 197 Cash Flow from Operations (US$M) 70 211 Free Cash Flow (US$M)(3) 14 1. All-in sustaining cost per ounce of gold represents Chelopech and Ada Tepe cost of sales less depreciation, amortization and other non-cash expenses plus treatment charges, penalties, transportation and other selling costs, cash outlays for sustaining capital expenditures and leases, rehabilitation related accretion expenses and an allocated portion of the Company’s general and administrative expenses and corporate social responsibility expenses, less by-product revenues in respect of copper and silver, divided by the payable gold in concentrate sold.