Common use of Operating Reports Clause in Contracts

Operating Reports. Deliver to the Administrative Agent and the Technical Agent, as soon as available, but in any event no later than twenty (20) days after the end of each calendar month occurring after the Economic Completion Date, in form and substance satisfactory to the Independent Engineer and the Technical Agent, a summary of operations for each such calendar month and a summary of the calendar year‑to‑date operations, in each case including comparisons to the Development Plan and any then‑applicable Annual Budget and Operating Plan, as appropriate, including information in reasonable detail concerning: (i) Mine production during such month, (ii) Hedge Agreements in effect during such month and any deliveries or payments made thereunder, (iii) any adjustments made to any pricing formula or component thereof in any Hedge Agreement during such month, (iv) the Borrower’s inventory of Refined Gold and other Saleable Product at the end of such month, (v) Project Revenues generated during such month, (vi) Operating Costs during such month, (vii) any Capital Expenditures during such month, (viii) the Borrower’s most recent cash planning forecast by month covering at least the next six (6) months, (ix) any material developments during such month in Mine operations which have had or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, (x) a description of compliance and noncompliance with Project Approvals and Agreement Approvals, (xi) without duplication of any of the foregoing, a description of any material defects or material malfunctions at the Mine and factors affecting actual or expected Operating Costs and Project Revenues, (xii) any material deviation in the production of Saleable Product from projections for such month contained in the Financial Model, (xiii) estimates of Operating Costs and Capital Expenditures for the remainder of the Fiscal Year and an explanation of any material variation from the Operating Costs and Capital Expenditures contained in the Annual Budget and Operating Plan and (xiv) the managerial (including staffing, safety and environmental) performance of the Project during such month.

Operating Reports. Deliver to the Administrative Agent and the Technical AgentLender, as soon as available, but in any event no later than twenty fifteen (2015) days after the end of each calendar month occurring after the Economic Completion Date, in form and substance satisfactory to first 5,000 tons of ore have been placed on the Independent Engineer and the Technical AgentProject’s ▇▇▇▇▇ pad, a summary of operations for each such calendar month and a summary of the calendar year‑to‑date year-to-date operations, in each case including comparisons to the Development Plan and any then‑applicable Annual Operating Budget and Operating Plan, as appropriatethe Financial Model, including information in reasonable detail concerning: (iA) Mine production during such calendar month, (B) the Borrowers’ inventory of Gold (i) on the ▇▇▇▇▇ pads, (ii) Hedge Agreements in effect during such month and any deliveries or payments made thereundersolution, (iii) any adjustments made to any pricing formula in the adsorption-desorption-recovery plant or component thereof in any Hedge Agreement during such month, (iv) the Borrower’s inventory of Refined Gold and other Saleable Product in doré, in each case at the end of such calendar month, (vC) the Ounces of Gold shipped from the Mine during such calendar month, (D) Project Revenues generated received during such calendar month, (viE) Operating Costs paid during such calendar month, (viiF) any Capital Expenditures paid during such calendar month, (viiiG) the Borrower’s Borrowers’ most recent cash planning forecast by month covering at least the next six (6) months, (ixH) any material developments that occurred during such calendar month in Mine operations which have had or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, (xI) a description of compliance and any material noncompliance with Project Approvals and Agreement ApprovalsApprovals or the Environmental Management Plan, and (xiJ) without duplication of any of the foregoing, a description of any material defects or material malfunctions at the Mine and factors affecting that have had, or could reasonably be expected to have, either individually or in the aggregate, a material adverse effect on actual or expected Operating Costs and Project Revenues, (xii) any material deviation in the production of Saleable Product from projections for such month contained in the Financial Model, (xiii) estimates of Operating Costs and Capital Expenditures for the remainder of the Fiscal Year and an explanation of any material variation from the Operating Costs and Capital Expenditures contained in the Annual Budget and Operating Plan and (xiv) the managerial (including staffing, safety and environmental) performance of the Project during such monthRevenues or on Mining Reserves.

Operating Reports. Deliver to the Administrative Agent and the Technical AgentLender, as soon as available, but in any event no later than twenty fifteen (2015) days after the end of each calendar month occurring after the Economic Completion Date, in form and substance satisfactory to first 5,000 tons of ore have been placed on the Independent Engineer and the Technical AgentProject's l▇▇▇▇ pad, a summary of operations for each such calendar month and a summary of the calendar year‑to‑date year-to-date operations, in each case including comparisons to the Development Plan and any then‑applicable Annual Operating Budget and Operating Plan, as appropriatethe Financial Model, including information in reasonable detail concerning: (iA) Mine production during such calendar month, (iiB) Hedge Agreements in effect during such calendar month and any deliveries or payments made thereunder, (iiiC) any adjustments made to any pricing formula or component thereof in any Hedge Agreement during such monthfiscal quarter, (D) the Borrowers' inventory of Gold (i) on the l▇▇▇▇ pads, (ii) in solution, (iii) in the adsorption-desorption-recovery plant or (iv) the Borrower’s inventory of Refined Gold and other Saleable Product in dore, in each case at the end of such calendar month, (vE) the Ounces of Gold shipped from the Mine during such calendar month, (F) Project Revenues generated received during such calendar month, (viG) Operating Costs paid during such calendar month, (viiH) any Capital Expenditures paid during such calendar month, (viiiI) the Borrower’s Borrowers' most recent cash planning forecast by month covering at least the next six (6) months, (ixJ) any material developments that occurred during such calendar month in Mine operations which have had or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, (xK) a description of compliance and any material noncompliance with Project Approvals and Agreement ApprovalsApprovals or the Environmental Management Plan, and (xiL) without duplication of any of the foregoing, a description of any material defects or material malfunctions at the Mine and factors affecting that have had, or could reasonably be expected to have, either individually or in the aggregate, a material adverse effect on actual or expected Operating Costs and Project Revenues, (xii) any material deviation in the production of Saleable Product from projections for such month contained in the Financial Model, (xiii) estimates of Operating Costs and Capital Expenditures for the remainder of the Fiscal Year and an explanation of any material variation from the Operating Costs and Capital Expenditures contained in the Annual Budget and Operating Plan and (xiv) the managerial (including staffing, safety and environmental) performance of the Project during such monthRevenues or on Mining Reserves.

Operating Reports. Deliver to the Administrative Agent and the Technical AgentLender, as soon as available, but in any event no later than twenty fifteen (2015) days after the end of each calendar month Quarterly Period of the Borrowers occurring after the Economic Completion Date, in form and substance satisfactory to first 5,000 tons of ore have been placed on the Independent Engineer and the Technical AgentProject’s ▇▇▇▇▇ pad, a summary of operations for each such calendar month Quarterly Period and a summary of the calendar year‑to‑date fiscal year-to-date operations, in each case including comparisons to the Development Plan and any then‑applicable Annual Operating Budget and Operating Plan, as appropriatethe Financial Model, including information in reasonable detail concerning: (iA) Mine production during such monthQuarterly Period, (B) the Borrowers’ inventory of Gold (i) on the ▇▇▇▇▇ pads, (ii) Hedge Agreements in effect during such month and any deliveries or payments made thereundersolution, (iii) any adjustments made to any pricing formula in the adsorption-desorption-recovery plant or component thereof in any Hedge Agreement during such month, (iv) the Borrower’s inventory of Refined Gold and other Saleable Product in doré, in each case at the end of such monthQuarterly Period, (vC) the Ounces of Gold shipped from the Mine during such Quarterly Period, (D) Project Revenues generated received during such monthQuarterly Period, (viE) Operating Costs paid during such monthQuarterly Period, (viiF) any Capital Expenditures paid during such monthQuarterly Period, (viiiG) the Borrower’s Borrowers’ most recent cash planning forecast by month covering at least the next six (6) months, (ixH) any material developments that occurred during such month Quarterly Period in Mine operations which have had or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, (xI) a description of compliance and any material noncompliance with Project Approvals and Agreement ApprovalsApprovals or the Environmental Management Plan, and (xiJ) without duplication of any of the foregoing, a description of any material defects or material malfunctions at the Mine and factors affecting that have had, or could reasonably be expected to have, either individually or in the aggregate, a material adverse effect on actual or expected Operating Costs and Project Revenues, (xii) any material deviation in the production of Saleable Product from projections for such month contained in the Financial Model, (xiii) estimates of Operating Costs and Capital Expenditures for the remainder of the Fiscal Year and an explanation of any material variation from the Operating Costs and Capital Expenditures contained in the Annual Budget and Operating Plan and (xiv) the managerial (including staffing, safety and environmental) performance of the Project during such monthRevenues or on Mining Reserves.