Dear Team,

I am excited to be starting this next chapter at Kensington alongside all of you. I’m looking forward to getting out and meeting those of you that I have not met already. I wanted to take this time to formally introduce myself to all of you and give you a bit of a background into who I am. My educational background is in Mining Engineering having graduated from Montana Tech in Butte, Montana. I have spent most of my career working overseas in both open pit and underground operations. Some of these locations have included Russia, Kazakhstan, Brazil, Argentina, Namibia, and Myanmar. I have also worked in Nevada, British Columbia and now here in Alaska for the past 4 ½ years at Kensington as the Tech Services Manager overseeing Exploration, Mine Geology, Mine Engineering and Project Engineering. Kensington is the longest I have worked at a single operation, and it is a testament to the strong team and family atmosphere that we have developed here.

As we embark together on this next chapter, I am encouraged by the support we have received from our Corporate Leadership Team in approving additional exploration expenditures so that we can continue to grow our resource and extend mine life here at Kensington. Our Technical Services team is currently working on a multiyear plan to accelerate development and increase exploration drilling locations. I see a lot of potential here at Kensington and I am excited to see what our team can put together.

In order to achieve our 2022 goals, we must keep focused on both our individual and site goals for the year.

1. Zero harm to People and the Environment. Hold ourselves to a higher standard and ensure that everything we do maintains the highest standards of safety and the environment.
2. Execute the plan. Achieve between 110k and 120k ounces.
3. Improve the margins. Achieve CAS between $1,150/oz and $1,250/oz. 
4. Grow the business. Deliver on our exploration and sustain capital plans to enhance the operation and potentially add mine life.

Together we can continue the success we’ve seen from previous years and build new success in the future here at Kensington.  

There was one reportable hydraulic oil spill during the month. There were no environmental permit excursions or water quality exceedances during the month and Year- to-Date. Great Job everyone! 

Module 1 of the site environmental training was completed by all employees during the month of April. Thanks again for getting this important training completed by the deadline.