%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream /GS0 gs q 512.00 0 0 154.05 50.00 547.07 cm /I1 Do Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 1 J 1 j 3 M 50 129.04999999999995 m 562 129.04999999999995 l s BT /F1 10.00 Tf ET BT /F2 16.00 Tf ET q 0 0 0 rg BT 50.00 107.85 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 94.88 107.85 Td (Coal ) Tj ET Q q 0 0 0 rg BT 130.88 107.85 Td (Corp.) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 50.00 91.05 Td (Management's ) Tj ET Q q 0 0 0 rg BT 141.38 91.05 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 207.90 91.05 Td (and ) Tj ET Q q 0 0 0 rg BT 233.20 91.05 Td (Analysis) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 50.00 74.25 Td (Mar) Tj ET Q q 0 0 0 rg BT 76.17 74.25 Td (ch ) Tj ET Q q 0 0 0 rg BT 93.67 74.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 114.67 74.25 Td (2016) Tj ET Q 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 1 J 1 j 3 M 50 64.25 m 562 64.25 l s BT /F1 10.00 Tf ET endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.35 742.25 Td (Corsa Coal Corp.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.50 730.25 Td (Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 353.35 730.25 Td (Analysis) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.65 718.25 Td (For) Tj ET Q q 0 0 0 rg BT 228.02 718.25 Td ( the thr) Tj ET Q q 0 0 0 rg BT 259.50 718.25 Td (ee months ended Mar) Tj ET Q q 0 0 0 rg BT 351.81 718.25 Td (ch 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.55 694.25 Td (purpose ) Tj ET Q q 0 0 0 rg BT 103.21 694.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.54 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.76 694.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 156.09 694.25 Td (Coal ) Tj ET Q q 0 0 0 rg BT 177.97 694.25 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 203.47 694.25 Td (\(Corsa ) Tj ET Q q 0 0 0 rg BT 242.01 694.25 Td (or ) Tj ET Q q 0 0 0 rg BT 253.34 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.56 694.25 Td ("Company"\) ) Tj ET Q q 0 0 0 rg BT 321.94 694.25 Td (Management) Tj ET Q q 0 0 0 rg BT 376.92 694.25 Td (s ) Tj ET Q q 0 0 0 rg BT 383.81 694.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 430.71 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.48 694.25 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 485.48 694.25 Td (\(MD&A\) ) Tj ET Q q 0 0 0 rg BT 535.13 694.25 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 694.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (three ) Tj ET Q q 0 0 0 rg BT 72.23 682.25 Td (months ) Tj ET Q q 0 0 0 rg BT 103.93 682.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 130.05 682.25 Td (March ) Tj ET Q q 0 0 0 rg BT 158.40 682.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 173.15 682.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 195.39 682.25 Td (is ) Tj ET Q q 0 0 0 rg BT 204.31 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 214.34 682.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 247.13 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 253.82 682.25 Td (narrative ) Tj ET Q q 0 0 0 rg BT 291.60 682.25 Td (explanation ) Tj ET Q q 0 0 0 rg BT 340.50 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.07 682.25 Td (Corsa) Tj ET Q q 0 0 0 rg BT 377.18 682.25 Td (s ) Tj ET Q q 0 0 0 rg BT 383.32 682.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 423.33 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 440.02 682.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 477.25 682.25 Td (results ) Tj ET Q q 0 0 0 rg BT 505.60 682.25 Td (for ) Tj ET Q q 0 0 0 rg BT 519.51 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.97 682.25 Td (period, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (Corsa) Tj ET Q q 0 0 0 rg BT 76.11 670.25 Td (s ) Tj ET Q q 0 0 0 rg BT 82.41 670.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 119.81 670.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 160.00 670.25 Td (at ) Tj ET Q q 0 0 0 rg BT 169.63 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.26 670.25 Td (end ) Tj ET Q q 0 0 0 rg BT 201.11 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.86 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.49 670.25 Td (period ) Tj ET Q q 0 0 0 rg BT 254.45 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 271.30 670.25 Td (Corsa) Tj ET Q q 0 0 0 rg BT 297.41 670.25 Td (s ) Tj ET Q q 0 0 0 rg BT 303.72 670.25 Td (future ) Tj ET Q q 0 0 0 rg BT 330.01 670.25 Td (prospects. ) Tj ET Q q 0 0 0 rg BT 372.52 670.25 Td (This ) Tj ET Q q 0 0 0 rg BT 392.71 670.25 Td (MD&A) Tj ET Q q 0 0 0 rg BT 423.27 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 425.69 670.25 Td (is ) Tj ET Q q 0 0 0 rg BT 434.77 670.25 Td (dated ) Tj ET Q q 0 0 0 rg BT 458.84 670.25 Td (as ) Tj ET Q q 0 0 0 rg BT 469.59 670.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.33 670.25 Td (May18, ) Tj ET Q q 0 0 0 rg BT 516.08 670.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.08 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 538.49 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 555.34 670.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 87.43 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 98.20 658.25 Td (be ) Tj ET Q q 0 0 0 rg BT 110.63 658.25 Td (read ) Tj ET Q q 0 0 0 rg BT 130.84 658.25 Td (in ) Tj ET Q q 0 0 0 rg BT 141.61 658.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 191.82 658.25 Td (with ) Tj ET Q q 0 0 0 rg BT 212.59 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.80 658.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 260.23 658.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 313.76 658.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 351.74 658.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 396.95 658.25 Td (at ) Tj ET Q q 0 0 0 rg BT 407.16 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 424.59 658.25 Td (for ) Tj ET Q q 0 0 0 rg BT 439.25 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.46 658.25 Td (years ) Tj ET Q q 0 0 0 rg BT 478.55 658.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 505.42 658.25 Td (December ) Tj ET Q q 0 0 0 rg BT 549.50 658.25 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 72.16 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 88.76 646.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 110.93 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 127.53 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.91 646.25 Td (related ) Tj ET Q q 0 0 0 rg BT 171.27 646.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 194.55 646.25 Td (thereto. ) Tj ET Q q 0 0 0 rg BT 226.97 646.25 Td (Unless ) Tj ET Q q 0 0 0 rg BT 256.36 646.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 297.40 646.25 Td (stated, ) Tj ET Q q 0 0 0 rg BT 325.39 646.25 Td (references ) Tj ET Q q 0 0 0 rg BT 368.62 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 378.56 646.25 Td (this ) Tj ET Q q 0 0 0 rg BT 395.18 646.25 Td (MD&A) Tj ET Q q 0 0 0 rg BT 425.74 646.25 Td ( ) Tj ET Q q 0 0 0 rg BT 427.90 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 437.84 646.25 Td (First ) Tj ET Q q 0 0 0 rg BT 462.78 646.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 495.48 646.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 522.08 646.25 Td (means ) Tj ET Q q 0 0 0 rg BT 549.79 646.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (three ) Tj ET Q q 0 0 0 rg BT 73.19 634.25 Td (months ) Tj ET Q q 0 0 0 rg BT 105.85 634.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 132.94 634.25 Td (March ) Tj ET Q q 0 0 0 rg BT 162.25 634.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 177.96 634.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 201.17 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.81 634.25 Td (First ) Tj ET Q q 0 0 0 rg BT 244.80 634.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 278.55 634.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 306.20 634.25 Td (means ) Tj ET Q q 0 0 0 rg BT 334.95 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.38 634.25 Td (three ) Tj ET Q q 0 0 0 rg BT 373.57 634.25 Td (months ) Tj ET Q q 0 0 0 rg BT 406.23 634.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 433.32 634.25 Td (March ) Tj ET Q q 0 0 0 rg BT 462.63 634.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 478.34 634.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 503.81 634.25 Td (The ) Tj ET Q q 0 0 0 rg BT 522.57 634.25 Td (unaudited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 95.41 622.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 127.50 622.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 181.24 622.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 219.42 622.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 264.84 622.25 Td (have ) Tj ET Q q 0 0 0 rg BT 286.92 622.25 Td (been ) Tj ET Q q 0 0 0 rg BT 309.00 622.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 347.18 622.25 Td (in ) Tj ET Q q 0 0 0 rg BT 358.16 622.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 406.32 622.25 Td (with ) Tj ET Q q 0 0 0 rg BT 427.30 622.25 Td (International ) Tj ET Q q 0 0 0 rg BT 481.60 622.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 522.01 622.25 Td (Reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 92.67 610.25 Td (34 ) Tj ET Q q 0 0 0 rg BT 105.91 610.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 114.14 610.25 Td (Interim ) Tj ET Q q 0 0 0 rg BT 146.82 610.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 188.93 610.25 Td (Reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.16 610.25 Td (\("IAS ) Tj ET Q q 0 0 0 rg BT 258.92 610.25 Td (34"\) ) Tj ET Q q 0 0 0 rg BT 279.57 610.25 Td (as ) Tj ET Q q 0 0 0 rg BT 291.14 610.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 319.37 610.25 Td (by ) Tj ET Q q 0 0 0 rg BT 332.60 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.06 610.25 Td (International ) Tj ET Q q 0 0 0 rg BT 401.67 610.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 451.56 610.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 494.23 610.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 521.90 610.25 Td (\("IASB"\). ) Tj ET Q q 0 0 0 rg BT 564.51 610.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (Unless ) Tj ET Q q 0 0 0 rg BT 79.51 598.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 120.67 598.25 Td (indicated, ) Tj ET Q q 0 0 0 rg BT 162.11 598.25 Td (all ) Tj ET Q q 0 0 0 rg BT 174.39 598.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 200.00 598.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 236.18 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 246.24 598.25 Td (this ) Tj ET Q q 0 0 0 rg BT 262.98 598.25 Td (MD&A) Tj ET Q q 0 0 0 rg BT 293.54 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 295.82 598.25 Td (are ) Tj ET Q q 0 0 0 rg BT 310.32 598.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 352.03 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 362.10 598.25 Td (United ) Tj ET Q q 0 0 0 rg BT 391.60 598.25 Td (States ) Tj ET Q q 0 0 0 rg BT 417.77 598.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 447.28 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 464.00 598.25 Td (all ) Tj ET Q q 0 0 0 rg BT 476.28 598.25 Td (ton ) Tj ET Q q 0 0 0 rg BT 491.35 598.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 527.52 598.25 Td (are ) Tj ET Q q 0 0 0 rg BT 542.02 598.25 Td (short ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 69.17 586.25 Td (\(2,000 ) Tj ET Q q 0 0 0 rg BT 97.50 586.25 Td (pounds ) Tj ET Q q 0 0 0 rg BT 128.89 586.25 Td (per ) Tj ET Q q 0 0 0 rg BT 144.16 586.25 Td (ton\). ) Tj ET Q q 0 0 0 rg BT 165.27 586.25 Td (Please ) Tj ET Q q 0 0 0 rg BT 193.32 586.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 214.68 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 224.96 586.25 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 303.00 586.25 Td (Statements. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 560.68505859375 m 78.69140625 560.68505859375 l s q 0 0 0 rg BT 50.00 562.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 562.25 Td (ofile) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 75.37 538.25 Td (is ) Tj ET Q q 0 0 0 rg BT 84.08 538.25 Td (one ) Tj ET Q q 0 0 0 rg BT 100.55 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.92 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.17 538.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 156.64 538.25 Td (United ) Tj ET Q q 0 0 0 rg BT 185.90 538.25 Td (States ) Tj ET Q q 0 0 0 rg BT 211.82 538.25 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 249.97 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.34 538.25 Td (premium ) Tj ET Q q 0 0 0 rg BT 298.48 538.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 328.29 538.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 361.43 538.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 382.90 538.25 Td (coal, ) Tj ET Q q 0 0 0 rg BT 404.09 538.25 Td (an ) Tj ET Q q 0 0 0 rg BT 415.57 538.25 Td (essential ) Tj ET Q q 0 0 0 rg BT 452.04 538.25 Td (ingredient ) Tj ET Q q 0 0 0 rg BT 494.62 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 504.44 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.69 538.25 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.98 526.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 81.96 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 99.04 526.25 Td (high ) Tj ET Q q 0 0 0 rg BT 119.47 526.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 149.90 526.25 Td (thermal ) Tj ET Q q 0 0 0 rg BT 183.09 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 200.18 526.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 240.60 526.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 259.91 526.25 Td (used ) Tj ET Q q 0 0 0 rg BT 280.89 526.25 Td (by ) Tj ET Q q 0 0 0 rg BT 293.54 526.25 Td (transportation-advantaged ) Tj ET Q q 0 0 0 rg BT 400.59 526.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 443.79 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 454.22 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.09 526.25 Td (Southeast ) Tj ET Q q 0 0 0 rg BT 510.62 526.25 Td (region ) Tj ET Q q 0 0 0 rg BT 538.82 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 526.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (United ) Tj ET Q q 0 0 0 rg BT 79.76 514.25 Td (States. ) Tj ET Q q 0 0 0 rg BT 108.69 514.25 Td (Corsa) Tj ET Q q 0 0 0 rg BT 134.80 514.25 Td (s ) Tj ET Q q 0 0 0 rg BT 141.23 514.25 Td (core ) Tj ET Q q 0 0 0 rg BT 160.98 514.25 Td (business ) Tj ET Q q 0 0 0 rg BT 197.42 514.25 Td (is ) Tj ET Q q 0 0 0 rg BT 206.63 514.25 Td (supplying ) Tj ET Q q 0 0 0 rg BT 248.62 514.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 281.76 514.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 303.74 514.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 322.94 514.25 Td (with ) Tj ET Q q 0 0 0 rg BT 343.26 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.02 514.25 Td (highest ) Tj ET Q q 0 0 0 rg BT 389.45 514.25 Td (safety) Tj ET Q q 0 0 0 rg BT 412.67 514.25 Td (, ) Tj ET Q q 0 0 0 rg BT 417.72 514.25 Td (yield, ) Tj ET Q q 0 0 0 rg BT 442.75 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 459.74 514.25 Td (strength ) Tj ET Q q 0 0 0 rg BT 494.50 514.25 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 554.23 514.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 88.59 502.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 109.39 502.25 Td (producers ) Tj ET Q q 0 0 0 rg BT 151.31 502.25 Td (while ) Tj ET Q q 0 0 0 rg BT 176.01 502.25 Td (being ) Tj ET Q q 0 0 0 rg BT 200.71 502.25 Td (a ) Tj ET Q q 0 0 0 rg BT 207.63 502.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 243.98 502.25 Td (source ) Tj ET Q q 0 0 0 rg BT 272.56 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 283.38 502.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 312.53 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 322.79 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.94 502.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 371.64 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 388.56 502.25 Td (Pacific ) Tj ET Q q 0 0 0 rg BT 418.81 502.25 Td (basin ) Tj ET Q q 0 0 0 rg BT 442.40 502.25 Td (markets. ) Tj ET Q q 0 0 0 rg BT 478.49 502.25 Td (As ) Tj ET Q q 0 0 0 rg BT 492.08 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 502.90 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.60 502.25 Td (date ) Tj ET Q q 0 0 0 rg BT 536.73 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 547.55 502.25 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 85.88 490.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 111.48 490.25 Td (produces ) Tj ET Q q 0 0 0 rg BT 149.84 490.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 168.77 490.25 Td (from ) Tj ET Q q 0 0 0 rg BT 190.47 490.25 Td (six ) Tj ET Q q 0 0 0 rg BT 204.41 490.25 Td (mines ) Tj ET Q q 0 0 0 rg BT 230.56 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.27 490.25 Td (one ) Tj ET Q q 0 0 0 rg BT 263.97 490.25 Td (development ) Tj ET Q q 0 0 0 rg BT 317.89 490.25 Td (mine, ) Tj ET Q q 0 0 0 rg BT 342.65 490.25 Td (operates ) Tj ET Q q 0 0 0 rg BT 378.24 490.25 Td (two ) Tj ET Q q 0 0 0 rg BT 395.50 490.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 443.30 490.25 Td (plants, ) Tj ET Q q 0 0 0 rg BT 471.96 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 488.66 490.25 Td (has ) Tj ET Q q 0 0 0 rg BT 504.26 490.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (336 ) Tj ET Q q 0 0 0 rg BT 67.50 478.25 Td (employees. ) Tj ET Q q 0 0 0 rg BT 115.26 478.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 141.09 478.25 Td (is ) Tj ET Q q 0 0 0 rg BT 150.26 478.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 174.43 478.25 Td (on ) Tj ET Q q 0 0 0 rg BT 186.93 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.46 478.25 Td (TSX ) Tj ET Q q 0 0 0 rg BT 222.68 478.25 Td (V) Tj ET Q q 0 0 0 rg BT 228.79 478.25 Td (enture ) Tj ET Q q 0 0 0 rg BT 256.27 478.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 298.20 478.25 Td (\(TSX-V\) ) Tj ET Q q 0 0 0 rg BT 345.68 478.25 Td (under ) Tj ET Q q 0 0 0 rg BT 370.95 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.66 478.25 Td (symbol ) Tj ET Q q 0 0 0 rg BT 417.61 478.25 Td (CSO.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.86 454.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 88.83 454.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 133.80 454.25 Td (are ) Tj ET Q q 0 0 0 rg BT 149.33 454.25 Td (conducted ) Tj ET Q q 0 0 0 rg BT 193.74 454.25 Td (through ) Tj ET Q q 0 0 0 rg BT 228.16 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.69 454.25 Td (Northern ) Tj ET Q q 0 0 0 rg BT 282.37 454.25 Td (Appalachia ) Tj ET Q q 0 0 0 rg BT 331.22 454.25 Td (Division ) Tj ET Q q 0 0 0 rg BT 368.98 454.25 Td (\(NAPP\) ) Tj ET Q q 0 0 0 rg BT 413.40 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.16 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.69 454.25 Td (Central ) Tj ET Q q 0 0 0 rg BT 478.71 454.25 Td (Appalachia ) Tj ET Q q 0 0 0 rg BT 527.55 454.25 Td (Division ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (\(CAPP\). ) Tj ET Q q 0 0 0 rg BT 96.08 442.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 121.28 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 124.31 442.25 Td (is ) Tj ET Q q 0 0 0 rg BT 134.01 442.25 Td (based ) Tj ET Q q 0 0 0 rg BT 159.81 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 170.62 442.25 Td (Somerset, ) Tj ET Q q 0 0 0 rg BT 213.37 442.25 Td (Pennsylvania, ) Tj ET Q q 0 0 0 rg BT 272.22 442.25 Td (U.S.A. ) Tj ET Q q 0 0 0 rg BT 302.76 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 320.23 442.25 Td (is ) Tj ET Q q 0 0 0 rg BT 329.93 442.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 370.17 442.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 404.30 442.25 Td (on ) Tj ET Q q 0 0 0 rg BT 417.34 442.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 450.48 442.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 472.94 442.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 492.63 442.25 Td (production ) Tj ET Q q 0 0 0 rg BT 538.98 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 442.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (states ) Tj ET Q q 0 0 0 rg BT 75.56 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 87.23 430.25 Td (Pennsylvania ) Tj ET Q q 0 0 0 rg BT 143.90 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 161.68 430.25 Td (Maryland. ) Tj ET Q q 0 0 0 rg BT 206.39 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 209.74 430.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 236.41 430.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 271.40 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.18 430.25 Td (sells ) Tj ET Q q 0 0 0 rg BT 310.30 430.25 Td (its ) Tj ET Q q 0 0 0 rg BT 323.09 430.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 348.29 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 351.63 430.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 371.63 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 382.75 430.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 426.63 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 437.75 430.25 Td (North ) Tj ET Q q 0 0 0 rg BT 463.69 430.25 Td (America, ) Tj ET Q q 0 0 0 rg BT 503.95 430.25 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 538.67 430.25 Td (South ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (America, ) Tj ET Q q 0 0 0 rg BT 88.99 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 105.04 418.25 Td (Asia. ) Tj ET Q q 0 0 0 rg BT 127.93 418.25 Td (See ) Tj ET Q q 0 0 0 rg BT 144.44 418.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 174.07 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 176.14 418.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 226.52 418.25 Td (below) Tj ET Q q 0 0 0 rg BT 250.31 418.25 Td (. ) Tj ET Q q 0 0 0 rg BT 254.87 418.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 279.51 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 281.58 418.25 Td (is ) Tj ET Q q 0 0 0 rg BT 290.32 418.25 Td (based ) Tj ET Q q 0 0 0 rg BT 315.15 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 324.99 418.25 Td (Knoxville, ) Tj ET Q q 0 0 0 rg BT 369.40 418.25 Td (T) Tj ET Q q 0 0 0 rg BT 374.81 418.25 Td (ennessee, ) Tj ET Q q 0 0 0 rg BT 414.92 418.25 Td (U.S.A. ) Tj ET Q q 0 0 0 rg BT 444.49 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 460.99 418.25 Td (is ) Tj ET Q q 0 0 0 rg BT 469.73 418.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 502.89 418.25 Td (on ) Tj ET Q q 0 0 0 rg BT 514.96 418.25 Td (thermal ) Tj ET Q q 0 0 0 rg BT 547.56 418.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 90.92 406.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 110.72 406.25 Td (production ) Tj ET Q q 0 0 0 rg BT 157.19 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 168.12 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.48 406.25 Td (Central ) Tj ET Q q 0 0 0 rg BT 215.37 406.25 Td (Appalachia ) Tj ET Q q 0 0 0 rg BT 264.05 406.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 283.85 406.25 Td (region ) Tj ET Q q 0 0 0 rg BT 312.55 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 330.13 406.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 352.72 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 363.64 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.01 406.25 Td (southeastern ) Tj ET Q q 0 0 0 rg BT 432.14 406.25 Td (region ) Tj ET Q q 0 0 0 rg BT 460.83 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 472.31 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.67 406.25 Td (United ) Tj ET Q q 0 0 0 rg BT 518.04 406.25 Td (States. ) Tj ET Q q 0 0 0 rg BT 547.57 406.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 79.08 394.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.58 394.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 132.40 394.25 Td (below) Tj ET Q q 0 0 0 rg BT 156.19 394.25 Td (.) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 177.3095703125 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (First ) Tj ET Q q 0 0 0 rg BT 73.05 742.25 Td (Quarter) Tj ET Q q 0 0 0 rg BT 107.85 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 110.35 742.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 132.85 742.25 Td (Highlights) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 718.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.25 Td (Spot ) Tj ET Q q 0 0 0 rg BT 107.03 718.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 133.60 718.25 Td (for ) Tj ET Q q 0 0 0 rg BT 147.95 718.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 181.09 718.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 203.22 718.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 222.56 718.25 Td (rose ) Tj ET Q q 0 0 0 rg BT 241.92 718.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 262.94 718.25 Td (over ) Tj ET Q q 0 0 0 rg BT 283.40 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.31 718.25 Td (course ) Tj ET Q q 0 0 0 rg BT 327.10 718.25 Td (of ) Tj ET Q q 0 0 0 rg BT 338.12 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.03 718.25 Td (first ) Tj ET Q q 0 0 0 rg BT 371.83 718.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 402.84 718.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 428.03 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.16 718.25 Td (are ) Tj ET Q q 0 0 0 rg BT 460.06 718.25 Td (up ) Tj ET Q q 0 0 0 rg BT 472.75 718.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 533.20 718.25 Td (25% ) Tj ET Q q 0 0 0 rg BT 554.22 718.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 706.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 112.40 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 116.01 706.25 Td (W) Tj ET Q q 0 0 0 rg BT 125.05 706.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 139.50 706.25 Td (an ) Tj ET Q q 0 0 0 rg BT 152.84 706.25 Td (open ) Tj ET Q q 0 0 0 rg BT 176.17 706.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 199.50 706.25 Td (position ) Tj ET Q q 0 0 0 rg BT 235.63 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 253.96 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.07 706.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 299.52 706.25 Td (to ) Tj ET Q q 0 0 0 rg BT 311.20 706.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 347.85 706.25 Td (production ) Tj ET Q q 0 0 0 rg BT 395.07 706.25 Td (as ) Tj ET Q q 0 0 0 rg BT 407.29 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.41 706.25 Td (year ) Tj ET Q q 0 0 0 rg BT 444.51 706.25 Td (progresses, ) Tj ET Q q 0 0 0 rg BT 493.12 706.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 520.34 706.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 554.22 706.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 138.49 694.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 168.75 694.25 Td (from ) Tj ET Q q 0 0 0 rg BT 190.69 694.25 Td (these ) Tj ET Q q 0 0 0 rg BT 213.73 694.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 252.88 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 263.16 694.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 289.54 694.25 Td (for ) Tj ET Q q 0 0 0 rg BT 303.70 694.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 336.83 694.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 358.77 694.25 Td (coal.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 682.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 111.20 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 113.70 682.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 146.73 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 153.67 682.25 Td (new ) Tj ET Q q 0 0 0 rg BT 172.83 682.25 Td (thermal ) Tj ET Q q 0 0 0 rg BT 205.87 682.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 225.03 682.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 246.97 682.25 Td (order ) Tj ET Q q 0 0 0 rg BT 270.57 682.25 Td (that ) Tj ET Q q 0 0 0 rg BT 288.06 682.25 Td (brings ) Tj ET Q q 0 0 0 rg BT 315.56 682.25 Td (our ) Tj ET Q q 0 0 0 rg BT 331.39 682.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 376.66 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 393.60 682.25 Td (priced ) Tj ET Q q 0 0 0 rg BT 421.08 682.25 Td (production ) Tj ET Q q 0 0 0 rg BT 466.91 682.25 Td (up ) Tj ET Q q 0 0 0 rg BT 479.41 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 489.69 682.25 Td (70% ) Tj ET Q q 0 0 0 rg BT 510.52 682.25 Td (for ) Tj ET Q q 0 0 0 rg BT 524.68 682.25 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 670.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 670.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 110.64 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 113.73 670.25 Td (has ) Tj ET Q q 0 0 0 rg BT 130.15 670.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 183.79 670.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 228.54 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.84 670.25 Td (mine ) Tj ET Q q 0 0 0 rg BT 266.93 670.25 Td (development ) Tj ET Q q 0 0 0 rg BT 321.67 670.25 Td (for ) Tj ET Q q 0 0 0 rg BT 336.42 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.72 670.25 Td (Cooper ) Tj ET Q q 0 0 0 rg BT 384.25 670.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 411.23 670.25 Td (Deep ) Tj ET Q q 0 0 0 rg BT 435.42 670.25 Td (Mine. ) Tj ET Q q 0 0 0 rg BT 461.89 670.25 Td (This ) Tj ET Q q 0 0 0 rg BT 482.76 670.25 Td (mine ) Tj ET Q q 0 0 0 rg BT 505.84 670.25 Td (is ) Tj ET Q q 0 0 0 rg BT 515.60 670.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 554.23 670.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.25 Td (strategically ) Tj ET Q q 0 0 0 rg BT 136.32 658.25 Td (reposition ) Tj ET Q q 0 0 0 rg BT 177.77 658.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 202.41 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 203.86 658.25 Td (into ) Tj ET Q q 0 0 0 rg BT 220.87 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.54 658.25 Td (specialty ) Tj ET Q q 0 0 0 rg BT 271.54 658.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 289.65 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.54 658.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 344.76 658.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 362.87 658.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 395.98 658.25 Td (which ) Tj ET Q q 0 0 0 rg BT 421.87 658.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 458.31 658.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 493.63 658.25 Td (premium ) Tj ET Q q 0 0 0 rg BT 531.18 658.25 Td (pricing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 646.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 111.20 646.25 Td ( ) Tj ET Q q 0 0 0 rg BT 114.39 646.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 133.69 646.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 174.65 646.25 Td (ef) Tj ET Q q 0 0 0 rg BT 182.24 646.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 203.76 646.25 Td (have ) Tj ET Q q 0 0 0 rg BT 225.83 646.25 Td (been ) Tj ET Q q 0 0 0 rg BT 247.90 646.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 292.19 646.25 Td (with ) Tj ET Q q 0 0 0 rg BT 313.16 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.57 646.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 349.54 646.25 Td (production ) Tj ET Q q 0 0 0 rg BT 396.05 646.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 415.36 646.25 Td (per ) Tj ET Q q 0 0 0 rg BT 431.32 646.25 Td (ton ) Tj ET Q q 0 0 0 rg BT 447.29 646.25 Td (sold) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 463.96 650.78 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.54 646.25 Td ( ) Tj ET Q q 0 0 0 rg BT 474.73 646.25 Td (for ) Tj ET Q q 0 0 0 rg BT 489.58 646.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 522.72 646.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 545.35 646.25 Td (coal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.25 Td (decreasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.01 634.25 Td (18.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.84 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.10 634.25 Td ([from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.13 634.25 Td ($76.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.63 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 209.89 634.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.93 634.25 Td ($62.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.43 634.25 Td (] ) Tj ET Q q 0 0 0 rg BT 251.02 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 260.06 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.53 634.25 Td (three ) Tj ET Q q 0 0 0 rg BT 294.78 634.25 Td (months ) Tj ET Q q 0 0 0 rg BT 325.49 634.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 350.62 634.25 Td (March ) Tj ET Q q 0 0 0 rg BT 377.98 634.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 391.74 634.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 413.00 634.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 453.69 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.72 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.20 634.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 496.90 634.25 Td (year ) Tj ET Q q 0 0 0 rg BT 515.37 634.25 Td (comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 113.76 622.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 610.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 110.64 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 112.72 610.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 130.91 610.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 170.75 610.25 Td (ef) Tj ET Q q 0 0 0 rg BT 178.34 610.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 198.75 610.25 Td (have ) Tj ET Q q 0 0 0 rg BT 219.71 610.25 Td (also ) Tj ET Q q 0 0 0 rg BT 237.89 610.25 Td (been ) Tj ET Q q 0 0 0 rg BT 258.85 610.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 302.03 610.25 Td (with ) Tj ET Q q 0 0 0 rg BT 321.88 610.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 341.73 610.25 Td (production ) Tj ET Q q 0 0 0 rg BT 387.14 610.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 405.32 610.25 Td (per ) Tj ET Q q 0 0 0 rg BT 420.17 610.25 Td (ton ) Tj ET Q q 0 0 0 rg BT 435.03 610.25 Td (sold) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 451.70 614.78 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.28 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 461.36 610.25 Td (for ) Tj ET Q q 0 0 0 rg BT 475.10 610.25 Td (thermal ) Tj ET Q q 0 0 0 rg BT 507.72 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 524.23 610.25 Td (industrial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 105.22 598.25 Td (decreasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.54 598.25 Td (20.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.37 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 178.94 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 181.51 598.25 Td ([from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.84 598.25 Td ($61.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.34 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 236.91 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 239.48 598.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.83 598.25 Td ($49.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.33 598.25 Td (] ) Tj ET Q q 0 0 0 rg BT 283.22 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 293.57 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.35 598.25 Td (three ) Tj ET Q q 0 0 0 rg BT 330.91 598.25 Td (months ) Tj ET Q q 0 0 0 rg BT 362.92 598.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 389.37 598.25 Td (March ) Tj ET Q q 0 0 0 rg BT 418.03 598.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 433.10 598.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 455.67 598.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 497.66 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 508.00 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.79 598.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 544.79 598.25 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 135.14 586.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 162.90 586.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 574.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.25 Td (Corsa's ) Tj ET Q q 0 0 0 rg BT 117.55 574.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 161.74 574.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 198.70 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 209.01 574.25 Td (achieve ) Tj ET Q q 0 0 0 rg BT 242.08 574.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 277.39 574.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 309.35 574.25 Td (safety ) Tj ET Q q 0 0 0 rg BT 335.76 574.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 391.31 574.25 Td (with ) Tj ET Q q 0 0 0 rg BT 411.62 574.25 Td (violation ) Tj ET Q q 0 0 0 rg BT 449.70 574.25 Td (per ) Tj ET Q q 0 0 0 rg BT 465.00 574.25 Td (inspection ) Tj ET Q q 0 0 0 rg BT 508.64 574.25 Td (day ) Tj ET Q q 0 0 0 rg BT 525.61 574.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 547.01 574.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.25 Td (are ) Tj ET Q q 0 0 0 rg BT 100.71 562.25 Td (50% ) Tj ET Q q 0 0 0 rg BT 121.54 562.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 146.81 562.25 Td (than ) Tj ET Q q 0 0 0 rg BT 166.52 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 181.24 562.25 Td (national ) Tj ET Q q 0 0 0 rg BT 215.95 562.25 Td (average.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 550.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.25 Td (In ) Tj ET Q q 0 0 0 rg BT 97.56 550.25 Td (March ) Tj ET Q q 0 0 0 rg BT 126.88 550.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 152.61 550.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 179.17 550.25 Td (raised ) Tj ET Q q 0 0 0 rg BT 206.27 550.25 Td ($8 ) Tj ET Q q 0 0 0 rg BT 219.50 550.25 Td (million ) Tj ET Q q 0 0 0 rg BT 251.62 550.25 Td (from ) Tj ET Q q 0 0 0 rg BT 274.29 550.25 Td (its ) Tj ET Q q 0 0 0 rg BT 286.96 550.25 Td (lar) Tj ET Q q 0 0 0 rg BT 297.33 550.25 Td (gest ) Tj ET Q q 0 0 0 rg BT 316.66 550.25 Td (three ) Tj ET Q q 0 0 0 rg BT 339.88 550.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 379.21 550.25 Td (as ) Tj ET Q q 0 0 0 rg BT 390.77 550.25 Td (well ) Tj ET Q q 0 0 0 rg BT 411.21 550.25 Td (as ) Tj ET Q q 0 0 0 rg BT 422.77 550.25 Td (its ) Tj ET Q q 0 0 0 rg BT 435.45 550.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 463.11 550.25 Td (lender ) Tj ET Q q 0 0 0 rg BT 491.33 550.25 Td (by ) Tj ET Q q 0 0 0 rg BT 504.55 550.25 Td (way ) Tj ET Q q 0 0 0 rg BT 524.44 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 536.00 550.25 Td (a ) Tj ET Q q 0 0 0 rg BT 543.67 550.25 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.25 Td (brokered ) Tj ET Q q 0 0 0 rg BT 124.04 538.25 Td (private ) Tj ET Q q 0 0 0 rg BT 154.30 538.25 Td (placement ) Tj ET Q q 0 0 0 rg BT 197.89 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.72 538.25 Td (common ) Tj ET Q q 0 0 0 rg BT 246.21 538.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 273.71 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 283.98 538.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 304.81 538.25 Td (working ) Tj ET Q q 0 0 0 rg BT 340.64 538.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 369.79 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.73 538.25 Td (for ) Tj ET Q q 0 0 0 rg BT 400.89 538.25 Td (general ) Tj ET Q q 0 0 0 rg BT 432.82 538.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 473.07 538.25 Td (purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 526.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 526.25 Td (In ) Tj ET Q q 0 0 0 rg BT 96.40 526.25 Td (March ) Tj ET Q q 0 0 0 rg BT 124.57 526.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 149.15 526.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 174.55 526.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 212.72 526.25 Td (its ) Tj ET Q q 0 0 0 rg BT 224.24 526.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 256.85 526.25 Td (term ) Tj ET Q q 0 0 0 rg BT 277.25 526.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 296.53 526.25 Td (\("Facility"\) ) Tj ET Q q 0 0 0 rg BT 343.98 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 353.83 526.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 386.45 526.25 Td (covenant ) Tj ET Q q 0 0 0 rg BT 424.62 526.25 Td (relief ) Tj ET Q q 0 0 0 rg BT 447.79 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 464.30 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.59 526.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 506.21 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.06 526.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 532.57 526.25 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.25 Td (by ) Tj ET Q q 0 0 0 rg BT 98.68 514.25 Td (adding ) Tj ET Q q 0 0 0 rg BT 128.58 514.25 Td (such ) Tj ET Q q 0 0 0 rg BT 149.59 514.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 181.71 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.17 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.07 514.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 245.29 514.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 277.97 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 288.98 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.88 514.25 Td (Facility ) Tj ET Q q 0 0 0 rg BT 337.11 514.25 Td (through ) Tj ET Q q 0 0 0 rg BT 370.91 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.80 514.25 Td (first ) Tj ET Q q 0 0 0 rg BT 404.59 514.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 435.59 514.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 460.77 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.67 514.25 Td (details ) Tj ET Q q 0 0 0 rg BT 504.46 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 515.47 514.25 Td (which ) Tj ET Q q 0 0 0 rg BT 542.59 514.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 130.72 502.25 Td (announced.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 490.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 490.25 Td (Key ) Tj ET Q q 0 0 0 rg BT 105.16 490.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 147.65 490.25 Td (Metrics:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 415.75 247.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 415.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 415.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 415.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 415.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 415.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 415.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 385.75 247.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 385.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 385.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 385.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 385.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 385.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 385.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 69.50 355.75 247.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 355.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 355.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 355.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 355.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 355.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 355.75 64.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 449.75 m 391.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 449.75 m 402.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 449.75 m 466.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 449.75 m 477.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 449.75 m 541.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 415.75 m 391.5 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 415.75 m 466.5 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 415.75 m 541.5 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 401.75 m 391.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 399.75 m 391.5 399.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 401.75 m 466.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 399.75 m 466.5 399.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 401.75 m 541.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 399.75 m 541.5 399.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 355.75 m 391.5 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 355.75 m 466.5 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 355.75 m 541.5 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 326.75 m 391.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 324.75 m 391.5 324.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 326.75 m 466.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 324.75 m 466.5 324.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 326.75 m 541.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 324.75 m 541.5 324.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.00 469.43 Td (For the three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.90 454.43 Td (March 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 420.43 Td (\(in thousands except per ton amounts\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.00 440.43 Td (NAPP -) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.10 430.43 Td (Metallurgical) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.00 420.43 Td (Coal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.00 440.43 Td (NAPP -) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.35 430.43 Td (Thermal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.00 420.43 Td (Coal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.90 420.43 Td (CAPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 405.42 Td (Tons sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 405.42 Td (107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 405.42 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 405.42 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 375.42 Td (Realized price per ton sold) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 179.18 379.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.00 375.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 375.42 Td (68.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.00 375.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 375.42 Td (37.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 375.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.15 375.42 Td (64.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 360.42 Td (Cash production cost per ton sold) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 206.15 364.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 360.42 Td (62.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 360.42 Td (39.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.15 360.42 Td (49.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 330.42 Td (Cash mar) Tj ET Q q 0 0 0 rg BT 109.87 330.42 Td (gin per ton sold) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 172.36 334.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.00 330.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 330.42 Td (6.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.00 330.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.80 330.47 Td (\(1.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 330.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 330.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.15 330.42 Td (15.68) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 306.78 Td ( ) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 306.78 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.58 302.25 Td ( ) Tj ET Q q 0 0 0 rg BT 95.90 302.25 Td (This is a non-GAAP) Tj ET Q q 0 0 0 rg BT 177.47 302.25 Td ( financial measure. See "Non-GAAP) Tj ET Q q 0 0 0 rg BT 326.69 302.25 Td ( Financial Measures" below) Tj ET Q q 0 0 0 rg BT 437.60 302.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 264.68505859375 m 91.1181640625 264.68505859375 l s q 0 0 0 rg BT 50.00 266.25 Td (Guidance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 75.81 242.25 Td (is ) Tj ET Q q 0 0 0 rg BT 84.96 242.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 135.21 242.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 173.78 242.25 Td (for ) Tj ET Q q 0 0 0 rg BT 187.92 242.25 Td (the ) Tj ET Q q 0 0 0 rg BT 202.62 242.25 Td (year ) Tj ET Q q 0 0 0 rg BT 222.31 242.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 248.67 242.25 Td (December ) Tj ET Q q 0 0 0 rg BT 292.23 242.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 307.21 242.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 332.19 242.25 Td (as ) Tj ET Q q 0 0 0 rg BT 343.00 242.25 Td (per ) Tj ET Q q 0 0 0 rg BT 358.25 242.25 Td (Corsa's ) Tj ET Q q 0 0 0 rg BT 389.76 242.25 Td (Management's ) Tj ET Q q 0 0 0 rg BT 450.13 242.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 496.50 242.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.88 242.25 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 550.36 242.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 230.25 Td (year ) Tj ET Q q 0 0 0 rg BT 84.42 230.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 110.80 230.25 Td (December ) Tj ET Q q 0 0 0 rg BT 154.38 230.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 169.38 230.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 194.38 230.25 Td (which ) Tj ET Q q 0 0 0 rg BT 221.32 230.25 Td (is ) Tj ET Q q 0 0 0 rg BT 230.49 230.25 Td (as ) Tj ET Q q 0 0 0 rg BT 241.32 230.25 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 206.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 206.25 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 206.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 108.91 206.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 130.84 206.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.67 206.25 Td (1,525,000 ) Tj ET Q q 0 0 0 rg BT 184.17 206.25 Td (to ) Tj ET Q q 0 0 0 rg BT 194.45 206.25 Td (1,825,000 ) Tj ET Q q 0 0 0 rg BT 236.95 206.25 Td (tons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 194.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 194.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 111.20 194.25 Td ( ) Tj ET Q q 0 0 0 rg BT 114.04 194.25 Td (Division ) Tj ET Q q 0 0 0 rg BT 151.33 194.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 173.61 194.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.79 194.25 Td (850,000 ) Tj ET Q q 0 0 0 rg BT 220.13 194.25 Td (to ) Tj ET Q q 0 0 0 rg BT 230.76 194.25 Td (1,050,000 ) Tj ET Q q 0 0 0 rg BT 273.60 194.25 Td (tons, ) Tj ET Q q 0 0 0 rg BT 295.61 194.25 Td (including ) Tj ET Q q 0 0 0 rg BT 336.23 194.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 369.37 194.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 391.65 194.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 411.15 194.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 433.43 194.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 472.37 194.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.54 194.25 Td (600,000 ) Tj ET Q q 0 0 0 rg BT 518.89 194.25 Td (to ) Tj ET Q q 0 0 0 rg BT 529.51 194.25 Td (700,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 182.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 104.29 182.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.34 182.25 Td (thermal ) Tj ET Q q 0 0 0 rg BT 152.50 182.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 170.78 182.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 191.83 182.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 229.54 182.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.49 182.25 Td (250,000 ) Tj ET Q q 0 0 0 rg BT 273.61 182.25 Td (to ) Tj ET Q q 0 0 0 rg BT 283.01 182.25 Td (350,000 ) Tj ET Q q 0 0 0 rg BT 317.12 182.25 Td (tons. ) Tj ET Q q 0 0 0 rg BT 337.91 182.25 Td ( ) Tj ET Q q 0 0 0 rg BT 339.53 182.25 Td (See ) Tj ET Q q 0 0 0 rg BT 355.58 182.25 Td ("Coal ) Tj ET Q q 0 0 0 rg BT 380.17 182.25 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 410.56 182.25 Td (T) Tj ET Q q 0 0 0 rg BT 416.31 182.25 Td (rends ) Tj ET Q q 0 0 0 rg BT 439.59 182.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.65 182.25 Td (Outlook ) Tj ET Q q 0 0 0 rg BT 490.04 182.25 Td ( ) Tj ET Q q 0 0 0 rg BT 496.66 182.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 521.86 182.25 Td ( ) Tj ET Q q 0 0 0 rg BT 523.48 182.25 Td (Division" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 170.25 Td (below) Tj ET Q q 0 0 0 rg BT 109.79 170.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 158.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 158.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 110.64 158.25 Td ( ) Tj ET Q q 0 0 0 rg BT 113.21 158.25 Td (Division ) Tj ET Q q 0 0 0 rg BT 150.22 158.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 172.22 158.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.11 158.25 Td (675,000 ) Tj ET Q q 0 0 0 rg BT 218.18 158.25 Td (to ) Tj ET Q q 0 0 0 rg BT 228.52 158.25 Td (775,000 ) Tj ET Q q 0 0 0 rg BT 263.58 158.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 282.82 158.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.71 158.25 Td (thermal ) Tj ET Q q 0 0 0 rg BT 326.82 158.25 Td (and ) Tj ET Q q 0 0 0 rg BT 343.82 158.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 384.15 158.25 Td (coal. ) Tj ET Q q 0 0 0 rg BT 405.87 158.25 Td ( ) Tj ET Q q 0 0 0 rg BT 408.44 158.25 Td (See ) Tj ET Q q 0 0 0 rg BT 425.44 158.25 Td ("Coal ) Tj ET Q q 0 0 0 rg BT 450.97 158.25 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 482.24 158.25 Td (T) Tj ET Q q 0 0 0 rg BT 487.99 158.25 Td (rends ) Tj ET Q q 0 0 0 rg BT 512.22 158.25 Td (and ) Tj ET Q q 0 0 0 rg BT 529.22 158.25 Td (Outlook ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 146.25 Td ( ) Tj ET Q q 0 0 0 rg BT 93.50 146.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 118.14 146.25 Td ( ) Tj ET Q q 0 0 0 rg BT 120.64 146.25 Td (Division" ) Tj ET Q q 0 0 0 rg BT 161.67 146.25 Td (below) Tj ET Q q 0 0 0 rg BT 185.46 146.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 134.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 134.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 111.20 134.25 Td ( ) Tj ET Q q 0 0 0 rg BT 113.70 134.25 Td (Division ) Tj ET Q q 0 0 0 rg BT 150.64 134.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 170.91 134.25 Td (production ) Tj ET Q q 0 0 0 rg BT 216.74 134.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 235.35 134.25 Td (per ) Tj ET Q q 0 0 0 rg BT 250.61 134.25 Td (ton ) Tj ET Q q 0 0 0 rg BT 265.89 134.25 Td (sold) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 282.56 138.78 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.14 134.25 Td ( ) Tj ET Q q 0 0 0 rg BT 292.64 134.25 Td (for ) Tj ET Q q 0 0 0 rg BT 306.80 134.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 339.94 134.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 361.87 134.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 381.03 134.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.86 134.25 Td ($57 ) Tj ET Q q 0 0 0 rg BT 409.36 134.25 Td (to ) Tj ET Q q 0 0 0 rg BT 419.64 134.25 Td ($62.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 122.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 122.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 111.20 122.25 Td ( ) Tj ET Q q 0 0 0 rg BT 113.70 122.25 Td (Division ) Tj ET Q q 0 0 0 rg BT 150.64 122.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 170.91 122.25 Td (production ) Tj ET Q q 0 0 0 rg BT 216.74 122.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 235.35 122.25 Td (per ) Tj ET Q q 0 0 0 rg BT 250.61 122.25 Td (ton ) Tj ET Q q 0 0 0 rg BT 265.89 122.25 Td (sold) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 282.56 126.78 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.14 122.25 Td ( ) Tj ET Q q 0 0 0 rg BT 292.64 122.25 Td (for ) Tj ET Q q 0 0 0 rg BT 306.80 122.25 Td (thermal ) Tj ET Q q 0 0 0 rg BT 339.84 122.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 359.00 122.25 Td (of ) Tj ET Q q 0 0 0 rg BT 369.83 122.25 Td ($32 ) Tj ET Q q 0 0 0 rg BT 387.33 122.25 Td (to ) Tj ET Q q 0 0 0 rg BT 397.61 122.25 Td ($37.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 110.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 110.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 110.64 110.25 Td ( ) Tj ET Q q 0 0 0 rg BT 113.14 110.25 Td (Division ) Tj ET Q q 0 0 0 rg BT 150.09 110.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 170.36 110.25 Td (production ) Tj ET Q q 0 0 0 rg BT 216.19 110.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 234.79 110.25 Td (per ) Tj ET Q q 0 0 0 rg BT 250.06 110.25 Td (ton ) Tj ET Q q 0 0 0 rg BT 265.34 110.25 Td (sold) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 282.01 114.78 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.59 110.25 Td ( ) Tj ET Q q 0 0 0 rg BT 292.09 110.25 Td (for ) Tj ET Q q 0 0 0 rg BT 306.25 110.25 Td (thermal ) Tj ET Q q 0 0 0 rg BT 339.29 110.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 358.45 110.25 Td (of ) Tj ET Q q 0 0 0 rg BT 369.28 110.25 Td ($56 ) Tj ET Q q 0 0 0 rg BT 386.78 110.25 Td (to ) Tj ET Q q 0 0 0 rg BT 397.05 110.25 Td ($61.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 86.00 90.78 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.58 86.25 Td ( ) Tj ET Q q 0 0 0 rg BT 95.90 86.25 Td (This ) Tj ET Q q 0 0 0 rg BT 116.18 86.25 Td (is ) Tj ET Q q 0 0 0 rg BT 125.35 86.25 Td (a ) Tj ET Q q 0 0 0 rg BT 132.28 86.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 177.47 86.25 Td ( ) Tj ET Q q 0 0 0 rg BT 179.97 86.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 217.45 86.25 Td (measure. ) Tj ET Q q 0 0 0 rg BT 255.77 86.25 Td ( ) Tj ET Q q 0 0 0 rg BT 258.27 86.25 Td (See ) Tj ET Q q 0 0 0 rg BT 275.20 86.25 Td ("Non-GAAP) Tj ET Q q 0 0 0 rg BT 326.69 86.25 Td ( ) Tj ET Q q 0 0 0 rg BT 329.19 86.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 368.90 86.25 Td (Measures" ) Tj ET Q q 0 0 0 rg BT 413.81 86.25 Td (below) Tj ET Q q 0 0 0 rg BT 437.60 86.25 Td (.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 191.1474609375 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Coal ) Tj ET Q q 0 0 0 rg BT 72.50 742.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 105.38 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 111.30 742.25 Td (r) Tj ET Q q 0 0 0 rg BT 115.56 742.25 Td (ends ) Tj ET Q q 0 0 0 rg BT 137.51 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.14 742.25 Td (Outlook) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 76.11 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.61 718.25 Td (Division) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Spot ) Tj ET Q q 0 0 0 rg BT 69.76 694.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 95.07 694.25 Td (for ) Tj ET Q q 0 0 0 rg BT 108.15 694.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 141.29 694.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 162.15 694.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 180.23 694.25 Td (have ) Tj ET Q q 0 0 0 rg BT 200.53 694.25 Td (risen ) Tj ET Q q 0 0 0 rg BT 221.39 694.25 Td (by ) Tj ET Q q 0 0 0 rg BT 232.82 694.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 292.00 694.25 Td (25% ) Tj ET Q q 0 0 0 rg BT 311.76 694.25 Td (on ) Tj ET Q q 0 0 0 rg BT 323.18 694.25 Td (a ) Tj ET Q q 0 0 0 rg BT 329.05 694.25 Td (year) Tj ET Q q 0 0 0 rg BT 346.05 694.25 Td (-to-date ) Tj ET Q q 0 0 0 rg BT 378.57 694.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 400.00 694.25 Td (as ) Tj ET Q q 0 0 0 rg BT 409.75 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.39 694.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 443.14 694.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 468.44 694.25 Td (have ) Tj ET Q q 0 0 0 rg BT 488.75 694.25 Td (risen ) Tj ET Q q 0 0 0 rg BT 509.61 694.25 Td (substantially) Tj ET Q q 0 0 0 rg BT 559.51 694.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.35 682.25 Td (destocking ) Tj ET Q q 0 0 0 rg BT 109.82 682.25 Td (phase ) Tj ET Q q 0 0 0 rg BT 134.72 682.25 Td (for ) Tj ET Q q 0 0 0 rg BT 148.52 682.25 Td (inventories ) Tj ET Q q 0 0 0 rg BT 195.09 682.25 Td (has ) Tj ET Q q 0 0 0 rg BT 210.56 682.25 Td (ended, ) Tj ET Q q 0 0 0 rg BT 239.08 682.25 Td (blast ) Tj ET Q q 0 0 0 rg BT 260.10 682.25 Td (furnace ) Tj ET Q q 0 0 0 rg BT 292.21 682.25 Td (utilization ) Tj ET Q q 0 0 0 rg BT 334.90 682.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 355.91 682.25 Td (have ) Tj ET Q q 0 0 0 rg BT 376.93 682.25 Td (risen, ) Tj ET Q q 0 0 0 rg BT 401.00 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.58 682.25 Td (imports ) Tj ET Q q 0 0 0 rg BT 450.27 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.74 682.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 493.88 682.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 515.45 682.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 534.25 682.25 Td (in ) Tj ET Q q 0 0 0 rg BT 543.69 682.25 Td (Asia ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (have ) Tj ET Q q 0 0 0 rg BT 71.31 670.25 Td (risen. ) Tj ET Q q 0 0 0 rg BT 95.68 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 98.11 670.25 Td (US ) Tj ET Q q 0 0 0 rg BT 113.33 670.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 146.47 670.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 168.34 670.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 187.43 670.25 Td (exporters ) Tj ET Q q 0 0 0 rg BT 227.07 670.25 Td (have ) Tj ET Q q 0 0 0 rg BT 248.38 670.25 Td (benefited ) Tj ET Q q 0 0 0 rg BT 288.01 670.25 Td (from ) Tj ET Q q 0 0 0 rg BT 309.88 670.25 Td (a ) Tj ET Q q 0 0 0 rg BT 316.75 670.25 Td (weaker ) Tj ET Q q 0 0 0 rg BT 348.05 670.25 Td (US ) Tj ET Q q 0 0 0 rg BT 363.27 670.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 389.03 670.25 Td (versus ) Tj ET Q q 0 0 0 rg BT 417.01 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.13 670.25 Td (Australian ) Tj ET Q q 0 0 0 rg BT 475.22 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 492.09 670.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 532.28 670.25 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 564.50 670.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Over ) Tj ET Q q 0 0 0 rg BT 73.12 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.47 658.25 Td (past ) Tj ET Q q 0 0 0 rg BT 107.71 658.25 Td (three ) Tj ET Q q 0 0 0 rg BT 130.82 658.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 157.55 658.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 177.33 658.25 Td (producers ) Tj ET Q q 0 0 0 rg BT 219.89 658.25 Td (have ) Tj ET Q q 0 0 0 rg BT 241.90 658.25 Td (made ) Tj ET Q q 0 0 0 rg BT 266.68 658.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 298.14 658.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 327.92 658.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 382.15 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 393.06 658.25 Td (develop ) Tj ET Q q 0 0 0 rg BT 427.84 658.25 Td (new ) Tj ET Q q 0 0 0 rg BT 447.63 658.25 Td (mines ) Tj ET Q q 0 0 0 rg BT 474.65 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 492.22 658.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 530.34 658.25 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (mines. ) Tj ET Q q 0 0 0 rg BT 78.66 646.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.94 646.25 Td (Over ) Tj ET Q q 0 0 0 rg BT 103.21 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.70 646.25 Td (past ) Tj ET Q q 0 0 0 rg BT 136.09 646.25 Td (two ) Tj ET Q q 0 0 0 rg BT 153.36 646.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 179.24 646.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 239.27 646.25 Td (48 ) Tj ET Q q 0 0 0 rg BT 251.55 646.25 Td (million ) Tj ET Q q 0 0 0 rg BT 282.72 646.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 301.67 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.27 646.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 345.41 646.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 367.12 646.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 386.06 646.25 Td (production ) Tj ET Q q 0 0 0 rg BT 431.66 646.25 Td (cuts, ) Tj ET Q q 0 0 0 rg BT 452.54 646.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 504.24 646.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (16% ) Tj ET Q q 0 0 0 rg BT 70.65 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 81.31 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.85 634.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 124.83 634.25 Td (seaborne ) Tj ET Q q 0 0 0 rg BT 162.69 634.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 195.83 634.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 217.58 634.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 236.56 634.25 Td (trade, ) Tj ET Q q 0 0 0 rg BT 261.37 634.25 Td (have ) Tj ET Q q 0 0 0 rg BT 282.57 634.25 Td (been ) Tj ET Q q 0 0 0 rg BT 303.77 634.25 Td (announced. ) Tj ET Q q 0 0 0 rg BT 351.91 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 354.23 634.25 Td (On ) Tj ET Q q 0 0 0 rg BT 368.78 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.32 634.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 417.29 634.25 Td (side, ) Tj ET Q q 0 0 0 rg BT 438.23 634.25 Td (we ) Tj ET Q q 0 0 0 rg BT 452.21 634.25 Td (are ) Tj ET Q q 0 0 0 rg BT 466.74 634.25 Td (seeing ) Tj ET Q q 0 0 0 rg BT 494.61 634.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 533.58 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 543.68 634.25 Td (steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 83.63 622.25 Td (globally) Tj ET Q q 0 0 0 rg BT 115.76 622.25 Td (, ) Tj ET Q q 0 0 0 rg BT 120.23 622.25 Td (which ) Tj ET Q q 0 0 0 rg BT 146.65 622.25 Td (is ) Tj ET Q q 0 0 0 rg BT 155.29 622.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 186.70 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 196.46 622.25 Td (very ) Tj ET Q q 0 0 0 rg BT 216.20 622.25 Td (low ) Tj ET Q q 0 0 0 rg BT 233.18 622.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 273.48 622.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 298.78 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.20 622.25 Td (long ) Tj ET Q q 0 0 0 rg BT 334.95 622.25 Td (wait ) Tj ET Q q 0 0 0 rg BT 354.15 622.25 Td (times ) Tj ET Q q 0 0 0 rg BT 377.79 622.25 Td (for ) Tj ET Q q 0 0 0 rg BT 391.43 622.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 411.73 622.25 Td (orders. ) Tj ET Q q 0 0 0 rg BT 441.19 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 443.03 622.25 Td (This ) Tj ET Q q 0 0 0 rg BT 462.78 622.25 Td (has ) Tj ET Q q 0 0 0 rg BT 478.09 622.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 517.82 622.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 538.12 622.25 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (by ) Tj ET Q q 0 0 0 rg BT 62.39 610.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 122.54 610.25 Td (40% ) Tj ET Q q 0 0 0 rg BT 143.26 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 153.42 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.03 610.25 Td (United ) Tj ET Q q 0 0 0 rg BT 197.64 610.25 Td (States ) Tj ET Q q 0 0 0 rg BT 223.91 610.25 Td (on ) Tj ET Q q 0 0 0 rg BT 236.30 610.25 Td (a ) Tj ET Q q 0 0 0 rg BT 243.13 610.25 Td (year) Tj ET Q q 0 0 0 rg BT 260.14 610.25 Td (-to-date ) Tj ET Q q 0 0 0 rg BT 293.62 610.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 318.51 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 320.90 610.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 346.62 610.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 381.77 610.25 Td (that ) Tj ET Q q 0 0 0 rg BT 399.15 610.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 439.30 610.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 495.55 610.25 Td (spending ) Tj ET Q q 0 0 0 rg BT 534.04 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 543.69 610.25 Td (Asia ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.99 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.76 598.25 Td (United ) Tj ET Q q 0 0 0 rg BT 111.53 598.25 Td (States ) Tj ET Q q 0 0 0 rg BT 137.97 598.25 Td (will ) Tj ET Q q 0 0 0 rg BT 156.08 598.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 193.07 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 203.40 598.25 Td (drive ) Tj ET Q q 0 0 0 rg BT 226.50 598.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 247.38 598.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 281.59 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.58 598.25 Td (reverse ) Tj ET Q q 0 0 0 rg BT 330.00 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.78 598.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 376.20 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 386.53 598.25 Td (crude ) Tj ET Q q 0 0 0 rg BT 411.29 598.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 432.17 598.25 Td (production ) Tj ET Q q 0 0 0 rg BT 478.05 598.25 Td (that ) Tj ET Q q 0 0 0 rg BT 495.60 598.25 Td (was ) Tj ET Q q 0 0 0 rg BT 513.71 598.25 Td (experienced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.71 586.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 84.14 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.93 586.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.56 586.25 Td (e ) Tj ET Q q 0 0 0 rg BT 100.93 586.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 128.95 586.25 Td (these ) Tj ET Q q 0 0 0 rg BT 151.43 586.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 180.03 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 196.39 586.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 229.98 586.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 259.11 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 268.82 586.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 305.18 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.89 586.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 347.37 586.25 Td (support ) Tj ET Q q 0 0 0 rg BT 379.29 586.25 Td (for ) Tj ET Q q 0 0 0 rg BT 392.88 586.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 426.02 586.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 447.39 586.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 465.97 586.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 491.77 586.25 Td (in ) Tj ET Q q 0 0 0 rg BT 501.48 586.25 Td (future ) Tj ET Q q 0 0 0 rg BT 527.29 586.25 Td (quarters.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (The ) Tj ET Q q 0 0 0 rg BT 70.09 562.25 Td (second ) Tj ET Q q 0 0 0 rg BT 102.40 562.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 135.25 562.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 159.79 562.25 Td (coking ) Tj ET Q q 0 0 0 rg BT 191.55 562.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 212.74 562.25 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 261.71 562.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 294.57 562.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 336.87 562.25 Td (to ) Tj ET Q q 0 0 0 rg BT 349.18 562.25 Td ($84.00 ) Tj ET Q q 0 0 0 rg BT 381.22 562.25 Td (per ) Tj ET Q q 0 0 0 rg BT 398.53 562.25 Td (metric ) Tj ET Q q 0 0 0 rg BT 428.62 562.25 Td (ton, ) Tj ET Q q 0 0 0 rg BT 448.43 562.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 502.40 562.25 Td (an ) Tj ET Q q 0 0 0 rg BT 516.38 562.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 553.67 562.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 110.34 550.25 Td (4% ) Tj ET Q q 0 0 0 rg BT 126.25 550.25 Td (from ) Tj ET Q q 0 0 0 rg BT 148.27 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.06 550.25 Td (first ) Tj ET Q q 0 0 0 rg BT 181.75 550.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 212.65 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.56 550.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 246.13 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 263.15 550.25 Td (a ) Tj ET Q q 0 0 0 rg BT 270.17 550.25 Td (year) Tj ET Q q 0 0 0 rg BT 287.18 550.25 Td (-over) Tj ET Q q 0 0 0 rg BT 308.08 550.25 Td (-year ) Tj ET Q q 0 0 0 rg BT 331.19 550.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 368.19 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 379.10 550.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 439.43 550.25 Td (23%. ) Tj ET Q q 0 0 0 rg BT 462.66 550.25 Td (The ) Tj ET Q q 0 0 0 rg BT 480.78 550.25 Td (second ) Tj ET Q q 0 0 0 rg BT 511.13 550.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 542.03 550.25 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.39 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.33 538.25 Td (third ) Tj ET Q q 0 0 0 rg BT 95.94 538.25 Td (time ) Tj ET Q q 0 0 0 rg BT 116.44 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.38 538.25 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 178.53 538.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 222.35 538.25 Td (was ) Tj ET Q q 0 0 0 rg BT 240.63 538.25 Td (below ) Tj ET Q q 0 0 0 rg BT 267.79 538.25 Td ($90 ) Tj ET Q q 0 0 0 rg BT 285.51 538.25 Td (per ) Tj ET Q q 0 0 0 rg BT 301.00 538.25 Td (metric ) Tj ET Q q 0 0 0 rg BT 329.27 538.25 Td (ton ) Tj ET Q q 0 0 0 rg BT 344.77 538.25 Td (since ) Tj ET Q q 0 0 0 rg BT 368.04 538.25 Td (2004, ) Tj ET Q q 0 0 0 rg BT 393.27 538.25 Td (on ) Tj ET Q q 0 0 0 rg BT 405.99 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 413.15 538.25 Td (nominal ) Tj ET Q q 0 0 0 rg BT 448.65 538.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 473.87 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 491.04 538.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 534.30 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 541.46 538.25 Td (point ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.04 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.30 526.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 94.45 526.25 Td (curve ) Tj ET Q q 0 0 0 rg BT 118.70 526.25 Td (where ) Tj ET Q q 0 0 0 rg BT 145.17 526.25 Td (analysts ) Tj ET Q q 0 0 0 rg BT 179.42 526.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 214.79 526.25 Td (a ) Tj ET Q q 0 0 0 rg BT 221.26 526.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 266.08 526.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 297.01 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 307.38 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.64 526.25 Td (global ) Tj ET Q q 0 0 0 rg BT 348.67 526.25 Td (seaborne ) Tj ET Q q 0 0 0 rg BT 386.25 526.25 Td (production ) Tj ET Q q 0 0 0 rg BT 431.62 526.25 Td (is ) Tj ET Q q 0 0 0 rg BT 440.33 526.25 Td (unprofitable. ) Tj ET Q q 0 0 0 rg BT 493.29 526.25 Td (As ) Tj ET Q q 0 0 0 rg BT 506.44 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.36 526.25 Td (April ) Tj ET Q q 0 0 0 rg BT 539.51 526.25 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (spot ) Tj ET Q q 0 0 0 rg BT 68.60 514.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 94.40 514.25 Td (have ) Tj ET Q q 0 0 0 rg BT 115.21 514.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 154.89 514.25 Td (past ) Tj ET Q q 0 0 0 rg BT 172.92 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.07 514.25 Td (second ) Tj ET Q q 0 0 0 rg BT 216.77 514.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 254.79 514.25 Td (settlement. ) Tj ET Q q 0 0 0 rg BT 300.31 514.25 Td (If ) Tj ET Q q 0 0 0 rg BT 308.90 514.25 Td (this ) Tj ET Q q 0 0 0 rg BT 325.28 514.25 Td (trend ) Tj ET Q q 0 0 0 rg BT 347.75 514.25 Td (continues, ) Tj ET Q q 0 0 0 rg BT 390.50 514.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 415.76 514.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 447.68 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 457.38 514.25 Td (see ) Tj ET Q q 0 0 0 rg BT 472.08 514.25 Td (a ) Tj ET Q q 0 0 0 rg BT 478.44 514.25 Td (further ) Tj ET Q q 0 0 0 rg BT 507.58 514.25 Td (strengthening ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 502.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 113.59 502.25 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 160.51 502.25 Td (settlement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Despite ) Tj ET Q q 0 0 0 rg BT 83.17 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 98.01 478.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 137.28 478.25 Td (seen ) Tj ET Q q 0 0 0 rg BT 157.68 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 168.08 478.25 Td (early ) Tj ET Q q 0 0 0 rg BT 190.69 478.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 215.81 478.25 Td (current ) Tj ET Q q 0 0 0 rg BT 246.75 478.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 279.89 478.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 301.95 478.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 321.23 478.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 347.73 478.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 378.12 478.25 Td (at ) Tj ET Q q 0 0 0 rg BT 387.96 478.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 413.91 478.25 Td (where ) Tj ET Q q 0 0 0 rg BT 440.96 478.25 Td (a ) Tj ET Q q 0 0 0 rg BT 448.03 478.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 493.43 478.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 526.04 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 537.00 478.25 Td (global ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (production ) Tj ET Q q 0 0 0 rg BT 94.62 466.25 Td (is ) Tj ET Q q 0 0 0 rg BT 102.58 466.25 Td (uneconomic. ) Tj ET Q q 0 0 0 rg BT 155.25 466.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 176.54 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 185.61 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.12 466.25 Td (upturn ) Tj ET Q q 0 0 0 rg BT 226.52 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 235.59 466.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 265.21 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 274.28 466.25 Td (early ) Tj ET Q q 0 0 0 rg BT 295.56 466.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 319.35 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.86 466.25 Td (five-year ) Tj ET Q q 0 0 0 rg BT 370.24 466.25 Td (downturn ) Tj ET Q q 0 0 0 rg BT 409.86 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 418.93 466.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 452.07 466.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 472.80 466.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 490.75 466.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 515.92 466.25 Td (represented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.86 454.25 Td (longest ) Tj ET Q q 0 0 0 rg BT 96.39 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 113.47 454.25 Td (deepest ) Tj ET Q q 0 0 0 rg BT 146.10 454.25 Td (downturn ) Tj ET Q q 0 0 0 rg BT 187.07 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 197.49 454.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 228.46 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 238.88 454.25 Td (over ) Tj ET Q q 0 0 0 rg BT 259.30 454.25 Td (60 ) Tj ET Q q 0 0 0 rg BT 271.94 454.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 298.18 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 300.63 454.25 Td (This ) Tj ET Q q 0 0 0 rg BT 321.05 454.25 Td (situation ) Tj ET Q q 0 0 0 rg BT 358.14 454.25 Td (arose ) Tj ET Q q 0 0 0 rg BT 381.88 454.25 Td (as ) Tj ET Q q 0 0 0 rg BT 392.85 454.25 Td (a ) Tj ET Q q 0 0 0 rg BT 399.94 454.25 Td (result ) Tj ET Q q 0 0 0 rg BT 424.80 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 435.77 454.25 Td (global ) Tj ET Q q 0 0 0 rg BT 463.41 454.25 Td (producers ) Tj ET Q q 0 0 0 rg BT 505.48 454.25 Td (committing ) Tj ET Q q 0 0 0 rg BT 554.23 454.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (multi-billion ) Tj ET Q q 0 0 0 rg BT 103.45 442.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 129.67 442.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 164.22 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 174.89 442.25 Td (a ) Tj ET Q q 0 0 0 rg BT 182.22 442.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 235.10 442.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 263.54 442.25 Td (price ) Tj ET Q q 0 0 0 rg BT 286.42 442.25 Td (environment. ) Tj ET Q q 0 0 0 rg BT 342.36 442.25 Td (Lar) Tj ET Q q 0 0 0 rg BT 356.05 442.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 368.38 442.25 Td (scale ) Tj ET Q q 0 0 0 rg BT 391.26 442.25 Td (mines ) Tj ET Q q 0 0 0 rg BT 418.04 442.25 Td (often ) Tj ET Q q 0 0 0 rg BT 441.48 442.25 Td (take ) Tj ET Q q 0 0 0 rg BT 461.03 442.25 Td (three ) Tj ET Q q 0 0 0 rg BT 483.91 442.25 Td (or ) Tj ET Q q 0 0 0 rg BT 495.13 442.25 Td (more ) Tj ET Q q 0 0 0 rg BT 518.57 442.25 Td (years ) Tj ET Q q 0 0 0 rg BT 542.56 442.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (final ) Tj ET Q q 0 0 0 rg BT 69.89 430.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 115.33 430.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 150.21 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 159.55 430.25 Td (first ) Tj ET Q q 0 0 0 rg BT 177.22 430.25 Td (production. ) Tj ET Q q 0 0 0 rg BT 224.60 430.25 Td (New ) Tj ET Q q 0 0 0 rg BT 245.05 430.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 273.28 430.25 Td (came ) Tj ET Q q 0 0 0 rg BT 295.93 430.25 Td (online ) Tj ET Q q 0 0 0 rg BT 322.49 430.25 Td (over ) Tj ET Q q 0 0 0 rg BT 341.81 430.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 363.37 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.37 430.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 403.43 430.25 Td (a ) Tj ET Q q 0 0 0 rg BT 409.43 430.25 Td (period ) Tj ET Q q 0 0 0 rg BT 436.54 430.25 Td (where ) Tj ET Q q 0 0 0 rg BT 462.53 430.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 495.74 430.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 525.63 430.25 Td (softened. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (This ) Tj ET Q q 0 0 0 rg BT 70.51 418.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 99.91 418.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 130.97 418.25 Td (is ) Tj ET Q q 0 0 0 rg BT 140.37 418.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 178.63 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 189.14 418.25 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 224.63 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 235.14 418.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 257.87 418.25 Td (as ) Tj ET Q q 0 0 0 rg BT 268.93 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.88 418.25 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 318.82 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.88 418.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 360.94 418.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 395.32 418.25 Td (is ) Tj ET Q q 0 0 0 rg BT 404.72 418.25 Td (exhausted ) Tj ET Q q 0 0 0 rg BT 447.44 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 464.60 418.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 491.21 418.25 Td (are ) Tj ET Q q 0 0 0 rg BT 506.15 418.25 Td (insuf) Tj ET Q q 0 0 0 rg BT 525.97 418.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 554.24 418.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (incentivize ) Tj ET Q q 0 0 0 rg BT 97.01 406.25 Td (new ) Tj ET Q q 0 0 0 rg BT 116.82 406.25 Td (production. ) Tj ET Q q 0 0 0 rg BT 165.79 406.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 192.27 406.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 225.40 406.25 Td (that ) Tj ET Q q 0 0 0 rg BT 243.54 406.25 Td (over ) Tj ET Q q 0 0 0 rg BT 264.45 406.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 287.87 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.24 406.25 Td (fundamentals ) Tj ET Q q 0 0 0 rg BT 360.25 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 371.73 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.09 406.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 420.23 406.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 442.81 406.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 462.61 406.25 Td (market ) Tj ET Q q 0 0 0 rg BT 493.52 406.25 Td (will ) Tj ET Q q 0 0 0 rg BT 512.23 406.25 Td (rebalance ) Tj ET Q q 0 0 0 rg BT 553.67 406.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 79.17 394.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 110.00 394.25 Td (ends ) Tj ET Q q 0 0 0 rg BT 130.83 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.77 394.25 Td (production ) Tj ET Q q 0 0 0 rg BT 193.59 394.25 Td (cutbacks ) Tj ET Q q 0 0 0 rg BT 231.08 394.25 Td (are ) Tj ET Q q 0 0 0 rg BT 245.79 394.25 Td (implemented. ) Tj ET Q q 0 0 0 rg BT 302.99 394.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (As ) Tj ET Q q 0 0 0 rg BT 64.41 370.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 97.55 370.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 120.28 370.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 140.23 370.25 Td (production ) Tj ET Q q 0 0 0 rg BT 186.86 370.25 Td (is ) Tj ET Q q 0 0 0 rg BT 196.82 370.25 Td (rationalized ) Tj ET Q q 0 0 0 rg BT 247.32 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 258.39 370.25 Td (places ) Tj ET Q q 0 0 0 rg BT 286.68 370.25 Td (like ) Tj ET Q q 0 0 0 rg BT 304.97 370.25 Td (China, ) Tj ET Q q 0 0 0 rg BT 334.42 370.25 Td (W) Tj ET Q q 0 0 0 rg BT 343.05 370.25 Td (estern ) Tj ET Q q 0 0 0 rg BT 370.23 370.25 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 405.28 370.25 Td (Australia ) Tj ET Q q 0 0 0 rg BT 445.23 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 462.97 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.48 370.25 Td (United ) Tj ET Q q 0 0 0 rg BT 509.00 370.25 Td (States, ) Tj ET Q q 0 0 0 rg BT 538.68 370.25 Td (Corsa ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 82.00 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.24 358.25 Td (seaborne ) Tj ET Q q 0 0 0 rg BT 133.79 358.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 166.93 358.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 188.38 358.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 207.05 358.25 Td (fundamentals ) Tj ET Q q 0 0 0 rg BT 262.94 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 272.73 358.25 Td (normalize. ) Tj ET Q q 0 0 0 rg BT 317.23 358.25 Td (Domestically) Tj ET Q q 0 0 0 rg BT 369.90 358.25 Td (, ) Tj ET Q q 0 0 0 rg BT 374.42 358.25 Td (severe ) Tj ET Q q 0 0 0 rg BT 401.97 358.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 438.97 358.25 Td (distress ) Tj ET Q q 0 0 0 rg BT 470.99 358.25 Td (has ) Tj ET Q q 0 0 0 rg BT 486.33 358.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 515.56 358.25 Td (high ) Tj ET Q q 0 0 0 rg BT 535.35 358.25 Td (profile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (bankruptcies ) Tj ET Q q 0 0 0 rg BT 104.74 346.25 Td (in ) Tj ET Q q 0 0 0 rg BT 116.17 346.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 139.81 346.25 Td (and ) Tj ET Q q 0 0 0 rg BT 157.90 346.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 181.54 346.25 Td (and ) Tj ET Q q 0 0 0 rg BT 199.63 346.25 Td (may ) Tj ET Q q 0 0 0 rg BT 220.49 346.25 Td (lead ) Tj ET Q q 0 0 0 rg BT 240.79 346.25 Td (to ) Tj ET Q q 0 0 0 rg BT 252.22 346.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 295.85 346.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 326.17 346.25 Td (cuts ) Tj ET Q q 0 0 0 rg BT 345.93 346.25 Td (in ) Tj ET Q q 0 0 0 rg BT 357.35 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.21 346.25 Td (near ) Tj ET Q q 0 0 0 rg BT 394.07 346.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 423.83 346.25 Td (This ) Tj ET Q q 0 0 0 rg BT 445.25 346.25 Td (situation ) Tj ET Q q 0 0 0 rg BT 483.34 346.25 Td (has ) Tj ET Q q 0 0 0 rg BT 500.32 346.25 Td (also ) Tj ET Q q 0 0 0 rg BT 520.07 346.25 Td (created ) Tj ET Q q 0 0 0 rg BT 552.58 346.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 103.05 334.25 Td (where ) Tj ET Q q 0 0 0 rg BT 129.99 334.25 Td (producers ) Tj ET Q q 0 0 0 rg BT 171.93 334.25 Td (are ) Tj ET Q q 0 0 0 rg BT 186.65 334.25 Td (deferring ) Tj ET Q q 0 0 0 rg BT 225.80 334.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 254.96 334.25 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 311.06 334.25 Td (not ) Tj ET Q q 0 0 0 rg BT 326.35 334.25 Td (reinvesting ) Tj ET Q q 0 0 0 rg BT 373.30 334.25 Td (in ) Tj ET Q q 0 0 0 rg BT 383.58 334.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 418.85 334.25 Td (or ) Tj ET Q q 0 0 0 rg BT 429.69 334.25 Td (permitting ) Tj ET Q q 0 0 0 rg BT 473.86 334.25 Td (ef) Tj ET Q q 0 0 0 rg BT 481.45 334.25 Td (forts, ) Tj ET Q q 0 0 0 rg BT 504.79 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 521.74 334.25 Td (are ) Tj ET Q q 0 0 0 rg BT 536.46 334.25 Td (highly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (vulnerable ) Tj ET Q q 0 0 0 rg BT 94.80 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.17 322.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 134.44 322.25 Td (disruptions. ) Tj ET Q q 0 0 0 rg BT 183.99 322.25 Td (For ) Tj ET Q q 0 0 0 rg BT 200.47 322.25 Td (these ) Tj ET Q q 0 0 0 rg BT 223.62 322.25 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 258.70 322.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 284.63 322.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 319.99 322.25 Td (that ) Tj ET Q q 0 0 0 rg BT 337.58 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.40 322.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 391.10 322.25 Td (market ) Tj ET Q q 0 0 0 rg BT 421.46 322.25 Td (is ) Tj ET Q q 0 0 0 rg BT 430.72 322.25 Td (poised ) Tj ET Q q 0 0 0 rg BT 459.43 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 469.80 322.25 Td (rebound ) Tj ET Q q 0 0 0 rg BT 505.17 322.25 Td (faster ) Tj ET Q q 0 0 0 rg BT 529.97 322.25 Td (than ) Tj ET Q q 0 0 0 rg BT 549.79 322.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (international ) Tj ET Q q 0 0 0 rg BT 103.68 310.25 Td (seaborne ) Tj ET Q q 0 0 0 rg BT 142.35 310.25 Td (market. ) Tj ET Q q 0 0 0 rg BT 175.75 310.25 Td (Corsa) Tj ET Q q 0 0 0 rg BT 201.86 310.25 Td (s ) Tj ET Q q 0 0 0 rg BT 208.89 310.25 Td (geographic ) Tj ET Q q 0 0 0 rg BT 256.46 310.25 Td (proximity ) Tj ET Q q 0 0 0 rg BT 299.04 310.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.95 310.25 Td (over ) Tj ET Q q 0 0 0 rg BT 330.86 310.25 Td (50% ) Tj ET Q q 0 0 0 rg BT 352.33 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 363.80 310.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 403.04 310.25 Td (coke ) Tj ET Q q 0 0 0 rg BT 425.06 310.25 Td (production ) Tj ET Q q 0 0 0 rg BT 471.52 310.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 507.97 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.55 310.25 Td (short ) Tj ET Q q 0 0 0 rg BT 548.69 310.25 Td (rail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (distance ) Tj ET Q q 0 0 0 rg BT 84.92 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 101.52 298.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 137.00 298.25 Td (options ) Tj ET Q q 0 0 0 rg BT 168.61 298.25 Td (to ) Tj ET Q q 0 0 0 rg BT 178.54 298.25 Td (access ) Tj ET Q q 0 0 0 rg BT 206.24 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.61 298.25 Td (Baltimore ) Tj ET Q q 0 0 0 rg BT 262.76 298.25 Td (export ) Tj ET Q q 0 0 0 rg BT 290.46 298.25 Td (terminals ) Tj ET Q q 0 0 0 rg BT 329.83 298.25 Td (solidify ) Tj ET Q q 0 0 0 rg BT 362.55 298.25 Td (Corsa) Tj ET Q q 0 0 0 rg BT 388.66 298.25 Td (s ) Tj ET Q q 0 0 0 rg BT 394.71 298.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 422.41 298.25 Td (to ) Tj ET Q q 0 0 0 rg BT 432.35 298.25 Td (take ) Tj ET Q q 0 0 0 rg BT 451.16 298.25 Td (advantage ) Tj ET Q q 0 0 0 rg BT 493.85 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.34 298.25 Td (any ) Tj ET Q q 0 0 0 rg BT 520.93 298.25 Td (recoveries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 286.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 79.43 286.25 Td (pricing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (Corsa's ) Tj ET Q q 0 0 0 rg BT 82.38 262.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 115.52 262.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 138.32 262.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 158.33 262.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 181.13 262.25 Td (in ) Tj ET Q q 0 0 0 rg BT 192.27 262.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 215.63 262.25 Td (from ) Tj ET Q q 0 0 0 rg BT 238.43 262.25 Td (its ) Tj ET Q q 0 0 0 rg BT 251.24 262.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 276.44 262.25 Td ( ) Tj ET Q q 0 0 0 rg BT 279.80 262.25 Td (Division ) Tj ET Q q 0 0 0 rg BT 317.61 262.25 Td (are ) Tj ET Q q 0 0 0 rg BT 333.18 262.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 372.07 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 383.21 262.25 Td (be ) Tj ET Q q 0 0 0 rg BT 396.01 262.25 Td (in ) Tj ET Q q 0 0 0 rg BT 407.15 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.72 262.25 Td (range ) Tj ET Q q 0 0 0 rg BT 448.29 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.98 262.25 Td (600,000 ) Tj ET Q q 0 0 0 rg BT 495.84 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.98 262.25 Td (700,000 ) Tj ET Q q 0 0 0 rg BT 542.84 262.25 Td (tons. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (Approximately ) Tj ET Q q 0 0 0 rg BT 113.51 250.25 Td (70% ) Tj ET Q q 0 0 0 rg BT 134.81 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 146.11 250.25 Td (these ) Tj ET Q q 0 0 0 rg BT 169.63 250.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 192.04 250.25 Td (are ) Tj ET Q q 0 0 0 rg BT 207.22 250.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 246.28 250.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 292.02 250.25 Td (at ) Tj ET Q q 0 0 0 rg BT 302.21 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.39 250.25 Td (midpoint ) Tj ET Q q 0 0 0 rg BT 356.48 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 367.78 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.96 250.25 Td (range. ) Tj ET Q q 0 0 0 rg BT 409.98 250.25 Td (Actual ) Tj ET Q q 0 0 0 rg BT 439.61 250.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 462.02 250.25 Td (will ) Tj ET Q q 0 0 0 rg BT 480.55 250.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 512.39 250.25 Td (on ) Tj ET Q q 0 0 0 rg BT 525.36 250.25 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 84.16 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 101.11 238.25 Td (market ) Tj ET Q q 0 0 0 rg BT 131.38 238.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 177.87 238.25 Td (V) Tj ET Q q 0 0 0 rg BT 183.98 238.25 Td (essel ) Tj ET Q q 0 0 0 rg BT 205.92 238.25 Td (nominations ) Tj ET Q q 0 0 0 rg BT 257.87 238.25 Td (for ) Tj ET Q q 0 0 0 rg BT 272.04 238.25 Td (export ) Tj ET Q q 0 0 0 rg BT 300.09 238.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 322.04 238.25 Td (are ) Tj ET Q q 0 0 0 rg BT 336.75 238.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 384.24 238.25 Td (by ) Tj ET Q q 0 0 0 rg BT 396.75 238.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 439.80 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.74 238.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 500.34 238.25 Td (on ) Tj ET Q q 0 0 0 rg BT 512.85 238.25 Td (a ) Tj ET Q q 0 0 0 rg BT 519.79 238.25 Td (month-by-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (month ) Tj ET Q q 0 0 0 rg BT 76.99 226.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 100.92 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 102.35 226.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 127.12 226.25 Td (has ) Tj ET Q q 0 0 0 rg BT 141.88 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.53 226.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 182.51 226.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.72 226.25 Td (produce ) Tj ET Q q 0 0 0 rg BT 225.36 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 241.23 226.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 256.55 226.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 307.97 226.25 Td (more ) Tj ET Q q 0 0 0 rg BT 329.95 226.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 348.05 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 357.81 226.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 390.95 226.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 411.82 226.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 429.91 226.25 Td (in ) Tj ET Q q 0 0 0 rg BT 439.12 226.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 463.05 226.25 Td (should ) Tj ET Q q 0 0 0 rg BT 491.15 226.25 Td (market ) Tj ET Q q 0 0 0 rg BT 520.35 226.25 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (improve.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (Corsa's ) Tj ET Q q 0 0 0 rg BT 80.43 190.25 Td (thermal ) Tj ET Q q 0 0 0 rg BT 112.38 190.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 130.44 190.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 151.29 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 160.48 190.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 181.88 190.25 Td (from ) Tj ET Q q 0 0 0 rg BT 202.73 190.25 Td (its ) Tj ET Q q 0 0 0 rg BT 213.59 190.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 238.78 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 240.19 190.25 Td (Division ) Tj ET Q q 0 0 0 rg BT 276.04 190.25 Td (are ) Tj ET Q q 0 0 0 rg BT 289.66 190.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 326.60 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 335.79 190.25 Td (be ) Tj ET Q q 0 0 0 rg BT 346.63 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 355.82 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.44 190.25 Td (range ) Tj ET Q q 0 0 0 rg BT 393.06 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 402.79 190.25 Td (250,000 ) Tj ET Q q 0 0 0 rg BT 436.70 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 445.89 190.25 Td (350,000 ) Tj ET Q q 0 0 0 rg BT 479.80 190.25 Td (tons. ) Tj ET Q q 0 0 0 rg BT 500.37 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 501.47 190.25 Td (Approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (90% ) Tj ET Q q 0 0 0 rg BT 70.28 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 80.56 178.25 Td (these ) Tj ET Q q 0 0 0 rg BT 103.06 178.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 124.44 178.25 Td (are ) Tj ET Q q 0 0 0 rg BT 138.60 178.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 176.64 178.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 221.36 178.25 Td (at ) Tj ET Q q 0 0 0 rg BT 230.53 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.70 178.25 Td (midpoint ) Tj ET Q q 0 0 0 rg BT 282.76 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.04 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.21 178.25 Td (range. ) Tj ET Q q 0 0 0 rg BT 333.86 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 335.38 178.25 Td (Actual ) Tj ET Q q 0 0 0 rg BT 363.99 178.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 385.37 178.25 Td (will ) Tj ET Q q 0 0 0 rg BT 402.88 178.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 433.71 178.25 Td (on ) Tj ET Q q 0 0 0 rg BT 445.66 178.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 484.26 178.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 517.87 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 534.25 178.25 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (conditions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 76.11 130.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.61 130.25 Td (Division) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (Current ) Tj ET Q q 0 0 0 rg BT 82.76 106.25 Td (Southeastern ) Tj ET Q q 0 0 0 rg BT 136.63 106.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 156.63 106.25 Td (utility ) Tj ET Q q 0 0 0 rg BT 182.73 106.25 Td (market ) Tj ET Q q 0 0 0 rg BT 212.71 106.25 Td (thermal ) Tj ET Q q 0 0 0 rg BT 245.47 106.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 264.34 106.25 Td (spot ) Tj ET Q q 0 0 0 rg BT 283.22 106.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 313.76 106.25 Td (declined ) Tj ET Q q 0 0 0 rg BT 349.85 106.25 Td (25% ) Tj ET Q q 0 0 0 rg BT 370.39 106.25 Td (over ) Tj ET Q q 0 0 0 rg BT 390.38 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.81 106.25 Td (course ) Tj ET Q q 0 0 0 rg BT 433.12 106.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.66 106.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 467.89 106.25 Td (As ) Tj ET Q q 0 0 0 rg BT 481.22 106.25 Td (a ) Tj ET Q q 0 0 0 rg BT 487.87 106.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 514.80 106.25 Td (much ) Tj ET Q q 0 0 0 rg BT 539.23 106.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 106.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (Central ) Tj ET Q q 0 0 0 rg BT 80.50 94.25 Td (Appalachia ) Tj ET Q q 0 0 0 rg BT 127.41 94.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 145.43 94.25 Td (production ) Tj ET Q q 0 0 0 rg BT 190.13 94.25 Td (is ) Tj ET Q q 0 0 0 rg BT 198.17 94.25 Td (uneconomic. ) Tj ET Q q 0 0 0 rg BT 250.92 94.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 275.62 94.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 306.98 94.25 Td (utility ) Tj ET Q q 0 0 0 rg BT 332.24 94.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 350.27 94.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 383.30 94.25 Td (for ) Tj ET Q q 0 0 0 rg BT 396.33 94.25 Td (Central ) Tj ET Q q 0 0 0 rg BT 426.83 94.25 Td (Appalachia ) Tj ET Q q 0 0 0 rg BT 473.74 94.25 Td (production ) Tj ET Q q 0 0 0 rg BT 518.43 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 527.58 94.25 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.50 82.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 85.72 82.25 Td (Conversely) Tj ET Q q 0 0 0 rg BT 130.62 82.25 Td (, ) Tj ET Q q 0 0 0 rg BT 135.83 82.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 176.33 82.25 Td (thermal ) Tj ET Q q 0 0 0 rg BT 209.59 82.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 243.96 82.25 Td (grew ) Tj ET Q q 0 0 0 rg BT 266.67 82.25 Td (4% ) Tj ET Q q 0 0 0 rg BT 282.72 82.25 Td (year ) Tj ET Q q 0 0 0 rg BT 302.65 82.25 Td (over ) Tj ET Q q 0 0 0 rg BT 323.14 82.25 Td (year ) Tj ET Q q 0 0 0 rg BT 343.07 82.25 Td (for ) Tj ET Q q 0 0 0 rg BT 357.45 82.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 380.17 82.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.32 82.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 423.37 82.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 456.08 82.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 496.57 82.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 530.95 82.25 Td (to ) Tj ET Q q 0 0 0 rg BT 541.45 82.25 Td (grow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 70.25 Td (2016.) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.58 742.10 Td (CAPP) Tj ET Q q 0 0 0 rg BT 92.22 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.25 742.10 Td (mineral ) Tj ET Q q 0 0 0 rg BT 126.82 742.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 157.72 742.10 Td (base ) Tj ET Q q 0 0 0 rg BT 177.52 742.10 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 225.09 742.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 258.79 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.15 742.10 Td (high ) Tj ET Q q 0 0 0 rg BT 288.96 742.10 Td (BTU ) Tj ET Q q 0 0 0 rg BT 310.99 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.46 742.10 Td (high ) Tj ET Q q 0 0 0 rg BT 347.27 742.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 376.51 742.10 Td (content ) Tj ET Q q 0 0 0 rg BT 407.97 742.10 Td (coal. ) Tj ET Q q 0 0 0 rg BT 429.01 742.10 Td (These ) Tj ET Q q 0 0 0 rg BT 454.92 742.10 Td (unique ) Tj ET Q q 0 0 0 rg BT 484.16 742.10 Td (qualities, ) Tj ET Q q 0 0 0 rg BT 522.57 742.10 Td (combined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.32 730.10 Td (advantaged ) Tj ET Q q 0 0 0 rg BT 118.40 730.10 Td (logistics, ) Tj ET Q q 0 0 0 rg BT 156.78 730.10 Td (set ) Tj ET Q q 0 0 0 rg BT 170.43 730.10 Td (CAPP) Tj ET Q q 0 0 0 rg BT 195.07 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.62 730.10 Td (apart ) Tj ET Q q 0 0 0 rg BT 220.15 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 242.13 730.10 Td (other ) Tj ET Q q 0 0 0 rg BT 265.22 730.10 Td (producers ) Tj ET Q q 0 0 0 rg BT 307.19 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 324.17 730.10 Td (create ) Tj ET Q q 0 0 0 rg BT 350.58 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 357.56 730.10 Td (niche ) Tj ET Q q 0 0 0 rg BT 381.76 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.08 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.85 730.10 Td (utility ) Tj ET Q q 0 0 0 rg BT 433.28 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.26 730.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 490.58 730.10 Td (marketplace. ) Tj ET Q q 0 0 0 rg BT 543.92 730.10 Td (As ) Tj ET Q q 0 0 0 rg BT 557.58 730.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 77.79 718.10 Td (despite ) Tj ET Q q 0 0 0 rg BT 109.18 718.10 Td (thermal ) Tj ET Q q 0 0 0 rg BT 142.79 718.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 172.54 718.10 Td (outpacing ) Tj ET Q q 0 0 0 rg BT 215.04 718.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 249.76 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.61 718.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 286.18 718.10 Td (CAPP) Tj ET Q q 0 0 0 rg BT 310.83 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 313.90 718.10 Td (has ) Tj ET Q q 0 0 0 rg BT 330.30 718.10 Td (been ) Tj ET Q q 0 0 0 rg BT 352.25 718.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 396.41 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.26 718.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 458.10 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.61 718.10 Td (high ) Tj ET Q q 0 0 0 rg BT 486.46 718.10 Td (level ) Tj ET Q q 0 0 0 rg BT 508.96 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.36 718.10 Td (contracted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 71.94 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 86.10 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.82 706.10 Td (future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (CAPP) Tj ET Q q 0 0 0 rg BT 74.64 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.00 682.10 Td (will ) Tj ET Q q 0 0 0 rg BT 94.91 682.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 131.69 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.83 682.10 Td (tar) Tj ET Q q 0 0 0 rg BT 152.19 682.10 Td (get ) Tj ET Q q 0 0 0 rg BT 166.76 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.33 682.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 221.46 682.10 Td (market ) Tj ET Q q 0 0 0 rg BT 251.58 682.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 287.26 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 297.94 682.10 Td (it ) Tj ET Q q 0 0 0 rg BT 305.85 682.10 Td (transitions ) Tj ET Q q 0 0 0 rg BT 349.87 682.10 Td (from ) Tj ET Q q 0 0 0 rg BT 371.66 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 378.45 682.10 Td (utility ) Tj ET Q q 0 0 0 rg BT 404.70 682.10 Td (supplier ) Tj ET Q q 0 0 0 rg BT 439.27 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.40 682.10 Td (an ) Tj ET Q q 0 0 0 rg BT 461.19 682.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 501.32 682.10 Td (supplier ) Tj ET Q q 0 0 0 rg BT 535.89 682.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 74.65 670.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.50 670.10 Td (opening ) Tj ET Q q 0 0 0 rg BT 127.03 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.67 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.20 670.10 Td (Cooper ) Tj ET Q q 0 0 0 rg BT 183.95 670.10 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 210.15 670.10 Td (mine ) Tj ET Q q 0 0 0 rg BT 232.46 670.10 Td (will ) Tj ET Q q 0 0 0 rg BT 250.33 670.10 Td (position ) Tj ET Q q 0 0 0 rg BT 284.87 670.10 Td (CAPP) Tj ET Q q 0 0 0 rg BT 309.51 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.82 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.91 670.10 Td (service ) Tj ET Q q 0 0 0 rg BT 352.54 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.07 670.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 407.15 670.10 Td (specialty ) Tj ET Q q 0 0 0 rg BT 445.01 670.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 463.98 670.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 500.28 670.10 Td (These ) Tj ET Q q 0 0 0 rg BT 526.47 670.10 Td (specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 84.37 658.10 Td (are ) Tj ET Q q 0 0 0 rg BT 99.29 658.10 Td (well ) Tj ET Q q 0 0 0 rg BT 119.22 658.10 Td (suited ) Tj ET Q q 0 0 0 rg BT 145.82 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 160.20 658.10 Td (CAPP) Tj ET Q q 0 0 0 rg BT 187.99 658.10 Td (s ) Tj ET Q q 0 0 0 rg BT 194.59 658.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 213.96 658.10 Td (qualities ) Tj ET Q q 0 0 0 rg BT 250.56 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.71 658.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 308.18 658.10 Td (protected ) Tj ET Q q 0 0 0 rg BT 348.10 658.10 Td (from ) Tj ET Q q 0 0 0 rg BT 370.25 658.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 400.73 658.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 416.77 658.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 443.36 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.52 658.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 508.22 658.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 536.47 658.10 Td (higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 80.83 646.10 Td (than ) Tj ET Q q 0 0 0 rg BT 100.54 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.26 646.10 Td (thermal ) Tj ET Q q 0 0 0 rg BT 148.30 646.10 Td (markets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 622.10 Td (CAPP) Tj ET Q q 0 0 0 rg BT 92.69 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.19 622.10 Td (Division ) Tj ET Q q 0 0 0 rg BT 132.14 622.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 151.29 622.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 173.23 622.10 Td (for ) Tj ET Q q 0 0 0 rg BT 187.39 622.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 209.89 622.10 Td (are ) Tj ET Q q 0 0 0 rg BT 224.59 622.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 262.62 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.90 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 284.84 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.12 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.83 622.10 Td (range ) Tj ET Q q 0 0 0 rg BT 334.54 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.37 622.10 Td (675,000 ) Tj ET Q q 0 0 0 rg BT 380.37 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.64 622.10 Td (775,000 ) Tj ET Q q 0 0 0 rg BT 425.64 622.10 Td (tons. ) Tj ET Q q 0 0 0 rg BT 446.76 622.10 Td (Approximately ) Tj ET Q q 0 0 0 rg BT 509.80 622.10 Td (55% ) Tj ET Q q 0 0 0 rg BT 530.63 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.46 622.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 71.86 610.10 Td (are ) Tj ET Q q 0 0 0 rg BT 86.49 610.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 125.00 610.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 170.20 610.10 Td (at ) Tj ET Q q 0 0 0 rg BT 179.83 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.47 610.10 Td (midpoint ) Tj ET Q q 0 0 0 rg BT 233.01 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.76 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.40 610.10 Td (range. ) Tj ET Q q 0 0 0 rg BT 284.99 610.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 314.07 610.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 335.93 610.10 Td (will ) Tj ET Q q 0 0 0 rg BT 353.91 610.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 385.21 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 397.63 610.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 436.71 610.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 470.78 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.64 610.10 Td (market ) Tj ET Q q 0 0 0 rg BT 517.83 610.10 Td (conditions.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 584.53505859375 m 203.6279296875 584.53505859375 l s q 0 0 0 rg BT 50.00 586.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 92.50 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.13 586.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 161.41 586.10 Td (Summary) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 92.50 562.10 Td (Summary) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 509.60 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 509.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 509.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 509.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 509.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 509.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 509.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 479.60 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 479.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 479.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 479.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 479.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 479.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 479.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 449.60 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 449.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 449.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 449.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 449.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 449.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 449.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 419.60 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 419.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 419.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 419.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 419.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 419.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 419.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 389.60 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 389.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 389.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 389.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 389.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 389.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 389.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 359.60 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 359.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 359.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 359.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 359.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 359.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 359.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 329.60 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 329.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 329.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 329.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 329.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 329.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 329.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 299.60 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 299.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 299.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 299.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 299.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 299.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 299.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 269.60 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 269.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 269.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 269.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 269.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 269.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 269.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 524.6 m 402.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 524.6 m 413.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 524.6 m 473.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 524.6 m 484.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 524.6 m 544.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 509.6 m 402.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 509.6 m 473.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 509.6 m 544.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 479.6 m 402.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 479.6 m 473.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 479.6 m 544.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 434.6 m 402.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 434.6 m 473.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 434.6 m 544.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 374.6 m 402.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 374.6 m 473.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 374.6 m 544.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 329.6 m 402.5 329.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 315.6 m 402.5 315.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 313.6 m 402.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 329.6 m 473.5 329.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 315.6 m 473.5 315.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 313.6 m 473.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 329.6 m 544.5 329.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 315.6 m 544.5 315.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 313.6 m 544.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 285.6 m 402.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 283.6 m 402.5 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 285.6 m 473.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 283.6 m 473.5 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 285.6 m 544.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 283.6 m 544.5 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 270.6 m 402.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 268.6 m 402.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 270.6 m 473.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 268.6 m 473.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 270.6 m 544.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 268.6 m 544.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 255.60000000000002 m 402.5 255.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 253.60000000000002 m 402.5 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 255.60000000000002 m 473.5 255.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 253.60000000000002 m 473.5 253.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 255.60000000000002 m 544.5 255.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 253.60000000000002 m 544.5 253.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.90 529.28 Td (For the three months ended March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.00 514.28 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 514.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.00 514.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 514.28 Td (Variance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 499.27 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 499.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 499.27 Td (16,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 499.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 499.27 Td (31,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 499.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.80 499.32 Td (\(14,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 499.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 484.27 Td (Cost of sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.80 484.32 Td (\(19,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 484.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.80 484.32 Td (\(52,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 484.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 484.27 Td (33,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 469.27 Td (Gross margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.80 469.32 Td (\(3,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 469.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.80 469.32 Td (\(21,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 469.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 469.27 Td (18,247) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 439.27 Td (Corporate and administrative expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.80 439.32 Td (\(3,107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 439.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.80 439.32 Td (\(4,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 439.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 439.27 Td (1,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 424.27 Td (Loss from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.80 424.32 Td (\(6,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 424.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.80 424.32 Td (\(25,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 424.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 424.27 Td (19,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 394.27 Td (Net finance expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.80 394.32 Td (\(2,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 394.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.30 394.32 Td (\(569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 394.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.80 394.32 Td (\(1,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 394.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 379.27 Td (Other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 379.27 Td (307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 379.27 Td (655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 379.32 Td (\(348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 379.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 364.27 Td (Loss before tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.80 364.32 Td (\(8,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 364.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.80 364.32 Td (\(25,363) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 364.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 364.27 Td (17,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 334.27 Td (Income tax expense \(recovery\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 334.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 334.27 Td (264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 334.32 Td (\(264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 334.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 319.27 Td (Net and comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 319.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.80 319.32 Td (\(8,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 319.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.00 319.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 319.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.80 319.32 Td (\(25,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 319.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.00 319.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 319.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 319.27 Td (17,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 289.27 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 105.66 293.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 289.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.80 289.32 Td (\(2,795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 289.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 289.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.80 289.32 Td (\(16,052) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 289.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 289.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 289.27 Td (13,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 274.27 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 144.27 278.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 274.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.30 274.32 Td (\(619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 274.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 274.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.30 274.32 Td (\(648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 274.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 274.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 274.27 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 259.27 Td (Cash \(used in\) provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 259.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.80 259.32 Td (\(1,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 259.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 259.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 259.27 Td (3,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 259.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.80 259.32 Td (\(5,249) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 259.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Operations Summary) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 701.75 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 701.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 701.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 701.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 701.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 701.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 701.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 671.75 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 671.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 671.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 671.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 671.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 671.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 671.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 641.75 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 641.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 641.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 641.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 641.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 641.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 641.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 611.75 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 611.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 611.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 611.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 611.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 611.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 611.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 581.75 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 581.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 581.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 581.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 581.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 581.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 581.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 551.75 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 551.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 551.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 551.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 551.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 551.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 551.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 521.75 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 521.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 521.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 521.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 521.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 521.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 521.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 491.75 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 491.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 491.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 491.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 491.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 491.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 491.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 461.75 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 461.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 461.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 461.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 461.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 461.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 461.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 431.75 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 431.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 431.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 431.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 431.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 431.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 431.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 401.75 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 401.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 401.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 401.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 401.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 401.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 401.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 371.75 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 371.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 371.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 371.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 371.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 371.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 371.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 341.75 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 341.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 341.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 341.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 341.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 341.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 341.75 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 716.75 m 402.5 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 716.75 m 413.5 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 716.75 m 473.5 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 716.75 m 484.5 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 716.75 m 544.5 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 701.75 m 402.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 701.75 m 473.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 701.75 m 544.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 641.75 m 402.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 627.75 m 402.5 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 625.75 m 402.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 641.75 m 473.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 627.75 m 473.5 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 625.75 m 473.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 641.75 m 544.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 627.75 m 544.5 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 625.75 m 544.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 326.75 m 402.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 312.75 m 402.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 310.75 m 402.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 326.75 m 473.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 312.75 m 473.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 310.75 m 473.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 326.75 m 544.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 312.75 m 544.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 310.75 m 544.5 310.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.90 721.43 Td (For the three months ended March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.00 706.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 706.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.00 706.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 706.43 Td (Variance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 691.42 Td (Coal sold - tons) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 676.42 Td (NAPP - metallurgical coal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 676.42 Td (107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 676.42 Td (159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 676.47 Td (\(52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 676.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 661.42 Td (NAPP - thermal coal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 661.42 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 661.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 661.42 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 646.42 Td (CAPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 646.42 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 646.42 Td (200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 646.47 Td (\(101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 646.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 631.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 631.42 Td (248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 631.42 Td (359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 631.47 Td (\(111) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 631.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 601.42 Td (Realized price per ton sold) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 176.18 605.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 586.42 Td (NAPP - metallurgical coal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 586.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 586.42 Td (68.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 586.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 586.42 Td (87.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 586.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.80 586.47 Td (\(18.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 586.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 571.42 Td (NAPP - thermal coal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 571.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 571.42 Td (37.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 571.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 571.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 571.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 571.42 Td (37.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 556.42 Td (CAPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 556.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 556.42 Td (64.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 556.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 556.42 Td (66.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 556.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.80 556.47 Td (\(2.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 556.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 526.42 Td (Cash production cost per ton sold) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 203.15 530.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 511.42 Td (NAPP - metallurgical coal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 511.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 511.42 Td (62.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 511.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 511.42 Td (76.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 511.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.80 511.47 Td (\(13.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 511.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 496.42 Td (NAPP - thermal coal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 496.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 496.42 Td (39.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 496.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 496.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 496.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 496.42 Td (39.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 481.42 Td (CAPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 481.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 481.42 Td (49.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 481.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 481.42 Td (61.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 481.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.80 481.47 Td (\(12.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 481.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 451.42 Td (Cash mar) Tj ET Q q 0 0 0 rg BT 106.87 451.42 Td (gin per ton sold) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 169.36 455.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 436.42 Td (NAPP - metallurgical coal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 436.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 436.42 Td (6.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 436.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 436.42 Td (11.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 436.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.80 436.47 Td (\(4.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 436.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 421.42 Td (NAPP - thermal coal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 421.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.80 421.47 Td (\(1.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 421.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 421.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 421.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 421.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.80 421.47 Td (\(1.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 421.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 406.42 Td (CAPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 406.42 Td (15.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 406.42 Td (4.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 406.42 Td (10.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 376.42 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 144.27 380.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 361.42 Td (NAPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 361.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.30 361.47 Td (\(607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 361.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 361.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 361.42 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 361.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 361.47 Td (\(609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 361.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 346.42 Td (CAPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 346.42 Td (952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 346.42 Td (345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 346.42 Td (607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 331.42 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.30 331.47 Td (\(964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 331.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.30 331.47 Td (\(995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 331.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 331.42 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.00 316.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 316.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.30 316.47 Td (\(619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 316.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 316.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.30 316.47 Td (\(648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 316.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 316.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 316.42 Td (29) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 292.78 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.58 288.25 Td ( ) Tj ET Q q 0 0 0 rg BT 59.90 288.25 Td (This ) Tj ET Q q 0 0 0 rg BT 80.18 288.25 Td (is ) Tj ET Q q 0 0 0 rg BT 89.35 288.25 Td (a ) Tj ET Q q 0 0 0 rg BT 96.28 288.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 141.47 288.25 Td ( ) Tj ET Q q 0 0 0 rg BT 143.97 288.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 181.45 288.25 Td (measure. ) Tj ET Q q 0 0 0 rg BT 219.77 288.25 Td ( ) Tj ET Q q 0 0 0 rg BT 222.27 288.25 Td (See ) Tj ET Q q 0 0 0 rg BT 239.20 288.25 Td ("Non-GAAP) Tj ET Q q 0 0 0 rg BT 290.69 288.25 Td ( ) Tj ET Q q 0 0 0 rg BT 293.19 288.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 332.90 288.25 Td (Measures" ) Tj ET Q q 0 0 0 rg BT 377.81 288.25 Td (below) Tj ET Q q 0 0 0 rg BT 401.60 288.25 Td (.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 124.7314453125 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Segment ) Tj ET Q q 0 0 0 rg BT 88.61 742.25 Td (Analysis) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 76.11 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.61 718.25 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (NAPP's ) Tj ET Q q 0 0 0 rg BT 83.95 694.25 Td (core ) Tj ET Q q 0 0 0 rg BT 103.85 694.25 Td (business ) Tj ET Q q 0 0 0 rg BT 140.43 694.25 Td (is ) Tj ET Q q 0 0 0 rg BT 149.79 694.25 Td (producing ) Tj ET Q q 0 0 0 rg BT 193.03 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.16 694.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 239.51 694.25 Td (low ) Tj ET Q q 0 0 0 rg BT 257.20 694.25 Td (volatile ) Tj ET Q q 0 0 0 rg BT 289.88 694.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 323.02 694.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 345.15 694.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 364.49 694.25 Td (used ) Tj ET Q q 0 0 0 rg BT 385.51 694.25 Td (for ) Tj ET Q q 0 0 0 rg BT 399.86 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.77 694.25 Td (production ) Tj ET Q q 0 0 0 rg BT 460.79 694.25 Td (of ) Tj ET Q q 0 0 0 rg BT 471.81 694.25 Td (coke ) Tj ET Q q 0 0 0 rg BT 493.37 694.25 Td (from ) Tj ET Q q 0 0 0 rg BT 515.50 694.25 Td (its ) Tj ET Q q 0 0 0 rg BT 527.64 694.25 Td (mines ) Tj ET Q q 0 0 0 rg BT 554.22 694.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.44 682.25 Td (Northern ) Tj ET Q q 0 0 0 rg BT 102.27 682.25 Td (Appalachia ) Tj ET Q q 0 0 0 rg BT 150.03 682.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 168.91 682.25 Td (region ) Tj ET Q q 0 0 0 rg BT 196.68 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.23 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.67 682.25 Td (United ) Tj ET Q q 0 0 0 rg BT 251.12 682.25 Td (States. ) Tj ET Q q 0 0 0 rg BT 279.57 682.25 Td (The ) Tj ET Q q 0 0 0 rg BT 297.34 682.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 316.22 682.25 Td (mined ) Tj ET Q q 0 0 0 rg BT 343.44 682.25 Td (is ) Tj ET Q q 0 0 0 rg BT 352.33 682.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 371.22 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 381.23 682.25 Td (international ) Tj ET Q q 0 0 0 rg BT 433.99 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 450.65 682.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 488.98 682.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 509.53 682.25 Td (producers, ) Tj ET Q q 0 0 0 rg BT 553.68 682.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (well ) Tj ET Q q 0 0 0 rg BT 69.18 670.25 Td (as ) Tj ET Q q 0 0 0 rg BT 79.48 670.25 Td (other ) Tj ET Q q 0 0 0 rg BT 102.00 670.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 120.62 670.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 165.35 670.25 Td (for ) Tj ET Q q 0 0 0 rg BT 178.98 670.25 Td (blending, ) Tj ET Q q 0 0 0 rg BT 218.44 670.25 Td (via ) Tj ET Q q 0 0 0 rg BT 232.63 670.25 Td (railroad, ) Tj ET Q q 0 0 0 rg BT 268.19 670.25 Td (trucking ) Tj ET Q q 0 0 0 rg BT 303.48 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.89 670.25 Td (bar) Tj ET Q q 0 0 0 rg BT 332.48 670.25 Td (ge. ) Tj ET Q q 0 0 0 rg BT 346.38 670.25 Td (In ) Tj ET Q q 0 0 0 rg BT 356.68 670.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 391.42 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 401.17 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.35 670.25 Td (mines ) Tj ET Q q 0 0 0 rg BT 441.21 670.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 479.27 670.25 Td (in ) Tj ET Q q 0 0 0 rg BT 489.01 670.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 536.81 670.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 562.00 670.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (has ) Tj ET Q q 0 0 0 rg BT 65.83 658.25 Td (a ) Tj ET Q q 0 0 0 rg BT 72.77 658.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 117.48 658.25 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 152.19 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.02 658.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 197.18 658.25 Td (which ) Tj ET Q q 0 0 0 rg BT 224.12 658.25 Td (it ) Tj ET Q q 0 0 0 rg BT 232.17 658.25 Td (anticipates ) Tj ET Q q 0 0 0 rg BT 277.43 658.25 Td (developing ) Tj ET Q q 0 0 0 rg BT 324.37 658.25 Td (pending ) Tj ET Q q 0 0 0 rg BT 359.08 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.80 658.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 411.27 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 422.10 658.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 455.24 658.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 477.18 658.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 496.33 658.25 Td (prices. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 75.20 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.41 634.25 Td (is ) Tj ET Q q 0 0 0 rg BT 88.29 634.25 Td (centrally ) Tj ET Q q 0 0 0 rg BT 126.48 634.25 Td (located ) Tj ET Q q 0 0 0 rg BT 158.57 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 169.56 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.21 634.25 Td (around ) Tj ET Q q 0 0 0 rg BT 218.19 634.25 Td (Somerset, ) Tj ET Q q 0 0 0 rg BT 261.12 634.25 Td (Pennsylvania, ) Tj ET Q q 0 0 0 rg BT 320.16 634.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 381.13 634.25 Td (60 ) Tj ET Q q 0 0 0 rg BT 394.35 634.25 Td (miles ) Tj ET Q q 0 0 0 rg BT 419.22 634.25 Td (from ) Tj ET Q q 0 0 0 rg BT 441.88 634.25 Td (Pittsbur) Tj ET Q q 0 0 0 rg BT 472.81 634.25 Td (gh, ) Tj ET Q q 0 0 0 rg BT 488.53 634.25 Td (Pennsylvania, ) Tj ET Q q 0 0 0 rg BT 547.56 634.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (operates ) Tj ET Q q 0 0 0 rg BT 85.23 622.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.93 622.25 Td (Pennsylvania ) Tj ET Q q 0 0 0 rg BT 150.18 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.53 622.25 Td (Maryland. ) Tj ET Q q 0 0 0 rg BT 209.83 622.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 235.02 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 236.94 622.25 Td (ships ) Tj ET Q q 0 0 0 rg BT 259.42 622.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 278.00 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 287.70 622.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 330.16 622.25 Td (by ) Tj ET Q q 0 0 0 rg BT 342.08 622.25 Td (rail, ) Tj ET Q q 0 0 0 rg BT 359.82 622.25 Td (truck ) Tj ET Q q 0 0 0 rg BT 382.29 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.65 622.25 Td (bar) Tj ET Q q 0 0 0 rg BT 411.24 622.25 Td (ge. ) Tj ET Q q 0 0 0 rg BT 424.95 622.25 Td (The ) Tj ET Q q 0 0 0 rg BT 442.42 622.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 489.87 622.25 Td (plants ) Tj ET Q q 0 0 0 rg BT 515.68 622.25 Td (have ) Tj ET Q q 0 0 0 rg BT 536.47 622.25 Td (access ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.27 610.25 Td (both ) Tj ET Q q 0 0 0 rg BT 80.53 610.25 Td (CSX ) Tj ET Q q 0 0 0 rg BT 102.47 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.40 610.25 Td (NS ) Tj ET Q q 0 0 0 rg BT 134.67 610.25 Td (rail ) Tj ET Q q 0 0 0 rg BT 150.48 610.25 Td (lines ) Tj ET Q q 0 0 0 rg BT 171.86 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.78 610.25 Td (can ) Tj ET Q q 0 0 0 rg BT 205.15 610.25 Td (access ) Tj ET Q q 0 0 0 rg BT 233.17 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 247.88 610.25 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 280.35 610.25 Td (Seaboard ) Tj ET Q q 0 0 0 rg BT 320.05 610.25 Td (ports ) Tj ET Q q 0 0 0 rg BT 342.53 610.25 Td (such ) Tj ET Q q 0 0 0 rg BT 363.35 610.25 Td (as ) Tj ET Q q 0 0 0 rg BT 374.17 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 388.87 610.25 Td (Port ) Tj ET Q q 0 0 0 rg BT 408.03 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.85 610.25 Td (Baltimore ) Tj ET Q q 0 0 0 rg BT 461.33 610.25 Td (which ) Tj ET Q q 0 0 0 rg BT 488.25 610.25 Td (is ) Tj ET Q q 0 0 0 rg BT 497.41 610.25 Td (170 ) Tj ET Q q 0 0 0 rg BT 514.90 610.25 Td (miles ) Tj ET Q q 0 0 0 rg BT 539.05 610.25 Td (away) Tj ET Q q 0 0 0 rg BT 559.50 610.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.15 598.25 Td (location ) Tj ET Q q 0 0 0 rg BT 102.96 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.89 598.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 139.09 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 141.69 598.25 Td (is ) Tj ET Q q 0 0 0 rg BT 150.96 598.25 Td (also ) Tj ET Q q 0 0 0 rg BT 169.67 598.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 212.27 598.25 Td (with ) Tj ET Q q 0 0 0 rg BT 232.65 598.25 Td (Corsa) Tj ET Q q 0 0 0 rg BT 258.76 598.25 Td (s ) Tj ET Q q 0 0 0 rg BT 265.25 598.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 299.51 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.89 598.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 343.04 598.25 Td (a ) Tj ET Q q 0 0 0 rg BT 350.08 598.25 Td (competitively ) Tj ET Q q 0 0 0 rg BT 407.66 598.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 433.03 598.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 472.84 598.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 491.55 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 501.93 598.25 Td (key ) Tj ET Q q 0 0 0 rg BT 518.97 598.25 Td (customers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (including ) Tj ET Q q 0 0 0 rg BT 90.27 586.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 111.10 586.25 Td (mills ) Tj ET Q q 0 0 0 rg BT 133.60 586.25 Td (around ) Tj ET Q q 0 0 0 rg BT 163.87 586.25 Td (Pittsbur) Tj ET Q q 0 0 0 rg BT 194.81 586.25 Td (gh, ) Tj ET Q q 0 0 0 rg BT 209.81 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.53 586.25 Td (Great ) Tj ET Q q 0 0 0 rg BT 249.23 586.25 Td (Lakes ) Tj ET Q q 0 0 0 rg BT 275.61 586.25 Td (regions ) Tj ET Q q 0 0 0 rg BT 307.55 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 324.49 586.25 Td (Canada.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 560.9169921875 m 75 560.9169921875 l s q 0 0 0 rg BT 50.00 562.25 Td (Mines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 75.20 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 77.27 538.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 115.44 538.25 Td (operates ) Tj ET Q q 0 0 0 rg BT 150.83 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.13 538.25 Td (Casselman ) Tj ET Q q 0 0 0 rg BT 210.53 538.25 Td (Mine, ) Tj ET Q q 0 0 0 rg BT 236.21 538.25 Td (an ) Tj ET Q q 0 0 0 rg BT 247.73 538.25 Td (under) Tj ET Q q 0 0 0 rg BT 270.32 538.25 Td (ground ) Tj ET Q q 0 0 0 rg BT 300.72 538.25 Td (mine ) Tj ET Q q 0 0 0 rg BT 322.80 538.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 358.20 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.50 538.25 Td (continuous ) Tj ET Q q 0 0 0 rg BT 418.46 538.25 Td (mining ) Tj ET Q q 0 0 0 rg BT 448.87 538.25 Td (method; ) Tj ET Q q 0 0 0 rg BT 483.72 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.02 538.25 Td (Quecreek ) Tj ET Q q 0 0 0 rg BT 538.40 538.25 Td (Mine, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (an ) Tj ET Q q 0 0 0 rg BT 61.26 526.25 Td (under) Tj ET Q q 0 0 0 rg BT 83.85 526.25 Td (ground ) Tj ET Q q 0 0 0 rg BT 114.00 526.25 Td (mine ) Tj ET Q q 0 0 0 rg BT 135.82 526.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 170.97 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.01 526.25 Td (continuous ) Tj ET Q q 0 0 0 rg BT 230.72 526.25 Td (mining ) Tj ET Q q 0 0 0 rg BT 260.88 526.25 Td (method; ) Tj ET Q q 0 0 0 rg BT 295.48 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.11 526.25 Td (Ash ) Tj ET Q q 0 0 0 rg BT 327.05 526.25 Td (Mine, ) Tj ET Q q 0 0 0 rg BT 352.48 526.25 Td (a ) Tj ET Q q 0 0 0 rg BT 358.74 526.25 Td (surface ) Tj ET Q q 0 0 0 rg BT 389.43 526.25 Td (mine ) Tj ET Q q 0 0 0 rg BT 411.25 526.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 446.40 526.25 Td (contour ) Tj ET Q q 0 0 0 rg BT 478.77 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 495.03 526.25 Td (high ) Tj ET Q q 0 0 0 rg BT 514.63 526.25 Td (wall ) Tj ET Q q 0 0 0 rg BT 533.67 526.25 Td (mining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (methods ) Tj ET Q q 0 0 0 rg BT 85.63 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 101.82 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.78 514.25 Td (Rhoads ) Tj ET Q q 0 0 0 rg BT 147.52 514.25 Td (Mine, ) Tj ET Q q 0 0 0 rg BT 172.88 514.25 Td (a ) Tj ET Q q 0 0 0 rg BT 179.06 514.25 Td (surface ) Tj ET Q q 0 0 0 rg BT 209.68 514.25 Td (mine ) Tj ET Q q 0 0 0 rg BT 231.42 514.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 266.49 514.25 Td (contour ) Tj ET Q q 0 0 0 rg BT 298.78 514.25 Td (mining ) Tj ET Q q 0 0 0 rg BT 328.86 514.25 Td (methods. ) Tj ET Q q 0 0 0 rg BT 366.87 514.25 Td (The ) Tj ET Q q 0 0 0 rg BT 384.16 514.25 Td (Casselman ) Tj ET Q q 0 0 0 rg BT 429.23 514.25 Td (Mine ) Tj ET Q q 0 0 0 rg BT 452.09 514.25 Td (is ) Tj ET Q q 0 0 0 rg BT 460.50 514.25 Td (located ) Tj ET Q q 0 0 0 rg BT 491.12 514.25 Td (in ) Tj ET Q q 0 0 0 rg BT 500.65 514.25 Td (Garrett ) Tj ET Q q 0 0 0 rg BT 530.71 514.25 Td (County) Tj ET Q q 0 0 0 rg BT 559.51 514.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (Maryland ) Tj ET Q q 0 0 0 rg BT 91.38 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 108.32 502.25 Td (all ) Tj ET Q q 0 0 0 rg BT 120.81 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 131.64 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.36 502.25 Td (other ) Tj ET Q q 0 0 0 rg BT 169.40 502.25 Td (mines ) Tj ET Q q 0 0 0 rg BT 195.79 502.25 Td (are ) Tj ET Q q 0 0 0 rg BT 210.50 502.25 Td (located ) Tj ET Q q 0 0 0 rg BT 241.87 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 252.15 502.25 Td (Somerset ) Tj ET Q q 0 0 0 rg BT 291.87 502.25 Td (County) Tj ET Q q 0 0 0 rg BT 320.66 502.25 Td (, ) Tj ET Q q 0 0 0 rg BT 325.66 502.25 Td (Pennsylvania.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 476.9169921875 m 122.48046875 476.9169921875 l s q 0 0 0 rg BT 50.00 478.25 Td (Preparation plants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 75.20 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.27 454.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 117.43 454.25 Td (operates ) Tj ET Q q 0 0 0 rg BT 153.82 454.25 Td (one ) Tj ET Q q 0 0 0 rg BT 171.33 454.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 219.94 454.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 243.01 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 260.52 454.25 Td (has ) Tj ET Q q 0 0 0 rg BT 276.92 454.25 Td (two ) Tj ET Q q 0 0 0 rg BT 294.99 454.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 343.60 454.25 Td (plants ) Tj ET Q q 0 0 0 rg BT 370.56 454.25 Td (that ) Tj ET Q q 0 0 0 rg BT 388.63 454.25 Td (have ) Tj ET Q q 0 0 0 rg BT 410.58 454.25 Td (been ) Tj ET Q q 0 0 0 rg BT 432.53 454.25 Td (temporarily ) Tj ET Q q 0 0 0 rg BT 482.25 454.25 Td (idled ) Tj ET Q q 0 0 0 rg BT 505.32 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 516.17 454.25 Td (response ) Tj ET Q q 0 0 0 rg BT 554.23 454.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (market ) Tj ET Q q 0 0 0 rg BT 80.16 442.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 126.55 442.25 Td (The ) Tj ET Q q 0 0 0 rg BT 144.50 442.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 161.89 442.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 195.03 442.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 216.86 442.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 235.91 442.25 Td (produced ) Tj ET Q q 0 0 0 rg BT 275.52 442.25 Td (from ) Tj ET Q q 0 0 0 rg BT 297.36 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.97 442.25 Td (mines ) Tj ET Q q 0 0 0 rg BT 338.26 442.25 Td (is ) Tj ET Q q 0 0 0 rg BT 347.33 442.25 Td (trucked ) Tj ET Q q 0 0 0 rg BT 379.71 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 389.89 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.50 442.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 452.44 442.25 Td (plants ) Tj ET Q q 0 0 0 rg BT 478.72 442.25 Td (where ) Tj ET Q q 0 0 0 rg BT 505.55 442.25 Td (it ) Tj ET Q q 0 0 0 rg BT 513.50 442.25 Td (is ) Tj ET Q q 0 0 0 rg BT 522.57 442.25 Td (processed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.62 430.25 Td (washed ) Tj ET Q q 0 0 0 rg BT 101.78 430.25 Td (using ) Tj ET Q q 0 0 0 rg BT 125.74 430.25 Td (conventional ) Tj ET Q q 0 0 0 rg BT 179.69 430.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 198.64 430.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 243.70 430.25 Td (techniques ) Tj ET Q q 0 0 0 rg BT 288.75 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.48 430.25 Td (stored ) Tj ET Q q 0 0 0 rg BT 332.21 430.25 Td (for ) Tj ET Q q 0 0 0 rg BT 346.17 430.25 Td (shipping. ) Tj ET Q q 0 0 0 rg BT 384.90 430.25 Td (All ) Tj ET Q q 0 0 0 rg BT 399.97 430.25 Td (plants ) Tj ET Q q 0 0 0 rg BT 426.15 430.25 Td (have ) Tj ET Q q 0 0 0 rg BT 447.32 430.25 Td (load ) Tj ET Q q 0 0 0 rg BT 466.83 430.25 Td (out ) Tj ET Q q 0 0 0 rg BT 481.90 430.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 518.62 430.25 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 554.23 430.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (a ) Tj ET Q q 0 0 0 rg BT 57.29 418.25 Td (rail ) Tj ET Q q 0 0 0 rg BT 73.47 418.25 Td (line. ) Tj ET Q q 0 0 0 rg BT 93.82 418.25 Td (Coal ) Tj ET Q q 0 0 0 rg BT 115.56 418.25 Td (is ) Tj ET Q q 0 0 0 rg BT 125.08 418.25 Td (usually ) Tj ET Q q 0 0 0 rg BT 156.82 418.25 Td (shipped ) Tj ET Q q 0 0 0 rg BT 190.78 418.25 Td (by ) Tj ET Q q 0 0 0 rg BT 203.63 418.25 Td (rail; ) Tj ET Q q 0 0 0 rg BT 222.59 418.25 Td (however) Tj ET Q q 0 0 0 rg BT 256.62 418.25 Td (, ) Tj ET Q q 0 0 0 rg BT 261.97 418.25 Td (it ) Tj ET Q q 0 0 0 rg BT 270.38 418.25 Td (can ) Tj ET Q q 0 0 0 rg BT 287.11 418.25 Td (also ) Tj ET Q q 0 0 0 rg BT 306.07 418.25 Td (be ) Tj ET Q q 0 0 0 rg BT 318.37 418.25 Td (shipped ) Tj ET Q q 0 0 0 rg BT 352.33 418.25 Td (by ) Tj ET Q q 0 0 0 rg BT 365.18 418.25 Td (truck. ) Tj ET Q q 0 0 0 rg BT 390.45 418.25 Td (All ) Tj ET Q q 0 0 0 rg BT 406.08 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.26 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.33 418.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 480.72 418.25 Td (plants ) Tj ET Q q 0 0 0 rg BT 507.46 418.25 Td (are ) Tj ET Q q 0 0 0 rg BT 522.52 418.25 Td (located ) Tj ET Q q 0 0 0 rg BT 554.24 418.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (Somerset ) Tj ET Q q 0 0 0 rg BT 89.75 406.25 Td (County) Tj ET Q q 0 0 0 rg BT 118.55 406.25 Td (, ) Tj ET Q q 0 0 0 rg BT 123.58 406.25 Td (Pennsylvania. ) Tj ET Q q 0 0 0 rg BT 181.75 406.25 Td (The ) Tj ET Q q 0 0 0 rg BT 199.83 406.25 Td (Cambria ) Tj ET Q q 0 0 0 rg BT 236.80 406.25 Td (Plant ) Tj ET Q q 0 0 0 rg BT 259.89 406.25 Td (has ) Tj ET Q q 0 0 0 rg BT 275.75 406.25 Td (an ) Tj ET Q q 0 0 0 rg BT 287.72 406.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 328.01 406.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 363.85 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 374.72 406.25 Td (325 ) Tj ET Q q 0 0 0 rg BT 392.25 406.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 411.45 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 422.31 406.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 439.83 406.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 459.02 406.25 Td (per ) Tj ET Q q 0 0 0 rg BT 474.32 406.25 Td (hour) Tj ET Q q 0 0 0 rg BT 492.25 406.25 Td (, ) Tj ET Q q 0 0 0 rg BT 497.28 406.25 Td (storage ) Tj ET Q q 0 0 0 rg BT 528.69 406.25 Td (capacity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.29 394.25 Td (120,000 ) Tj ET Q q 0 0 0 rg BT 99.43 394.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 118.73 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.69 394.25 Td (clean ) Tj ET Q q 0 0 0 rg BT 153.42 394.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 172.71 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.78 394.25 Td (180,000 ) Tj ET Q q 0 0 0 rg BT 224.91 394.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 244.22 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.18 394.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 272.80 394.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 292.09 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 309.16 394.25 Td (load ) Tj ET Q q 0 0 0 rg BT 329.01 394.25 Td (out ) Tj ET Q q 0 0 0 rg BT 344.43 394.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 381.49 394.25 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 417.43 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.84 394.25 Td (a ) Tj ET Q q 0 0 0 rg BT 434.92 394.25 Td (CSX ) Tj ET Q q 0 0 0 rg BT 457.00 394.25 Td (rail ) Tj ET Q q 0 0 0 rg BT 472.96 394.25 Td (line. ) Tj ET Q q 0 0 0 rg BT 492.90 394.25 Td (The ) Tj ET Q q 0 0 0 rg BT 511.08 394.25 Td (Shade ) Tj ET Q q 0 0 0 rg BT 538.15 394.25 Td (Creek ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (Plant ) Tj ET Q q 0 0 0 rg BT 72.81 382.25 Td (has ) Tj ET Q q 0 0 0 rg BT 88.38 382.25 Td (an ) Tj ET Q q 0 0 0 rg BT 100.07 382.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 140.08 382.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 175.64 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.22 382.25 Td (450 ) Tj ET Q q 0 0 0 rg BT 203.47 382.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 222.39 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 232.97 382.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 250.21 382.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 269.11 382.25 Td (per ) Tj ET Q q 0 0 0 rg BT 284.13 382.25 Td (hour) Tj ET Q q 0 0 0 rg BT 302.06 382.25 Td (, ) Tj ET Q q 0 0 0 rg BT 306.80 382.25 Td (storage ) Tj ET Q q 0 0 0 rg BT 337.93 382.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 373.49 382.25 Td (for ) Tj ET Q q 0 0 0 rg BT 387.40 382.25 Td (120,000 ) Tj ET Q q 0 0 0 rg BT 422.15 382.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 441.06 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 451.64 382.25 Td (clean ) Tj ET Q q 0 0 0 rg BT 474.99 382.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 493.89 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.58 382.25 Td (125,000 ) Tj ET Q q 0 0 0 rg BT 545.32 382.25 Td (tons ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.01 370.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 78.68 370.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 98.01 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.13 370.25 Td (load ) Tj ET Q q 0 0 0 rg BT 135.03 370.25 Td (out ) Tj ET Q q 0 0 0 rg BT 150.49 370.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 187.60 370.25 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 223.59 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 234.04 370.25 Td (a ) Tj ET Q q 0 0 0 rg BT 241.16 370.25 Td (NS ) Tj ET Q q 0 0 0 rg BT 256.63 370.25 Td (line. ) Tj ET Q q 0 0 0 rg BT 276.61 370.25 Td (The ) Tj ET Q q 0 0 0 rg BT 294.83 370.25 Td (Rockwood ) Tj ET Q q 0 0 0 rg BT 340.84 370.25 Td (Plant ) Tj ET Q q 0 0 0 rg BT 364.08 370.25 Td (has ) Tj ET Q q 0 0 0 rg BT 380.09 370.25 Td (an ) Tj ET Q q 0 0 0 rg BT 392.21 370.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 432.65 370.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 468.64 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.65 370.25 Td (325 ) Tj ET Q q 0 0 0 rg BT 497.33 370.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 516.68 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.69 370.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 545.36 370.25 Td (coal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (per ) Tj ET Q q 0 0 0 rg BT 64.80 358.25 Td (hour ) Tj ET Q q 0 0 0 rg BT 85.17 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 101.65 358.25 Td (load ) Tj ET Q q 0 0 0 rg BT 120.90 358.25 Td (out ) Tj ET Q q 0 0 0 rg BT 135.71 358.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 172.18 358.25 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 207.52 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 217.34 358.25 Td (a ) Tj ET Q q 0 0 0 rg BT 223.81 358.25 Td (CSX ) Tj ET Q q 0 0 0 rg BT 245.30 358.25 Td (rail ) Tj ET Q q 0 0 0 rg BT 260.66 358.25 Td (line. ) Tj ET Q q 0 0 0 rg BT 280.05 358.25 Td (The ) Tj ET Q q 0 0 0 rg BT 297.63 358.25 Td (Rockwood ) Tj ET Q q 0 0 0 rg BT 343.00 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.47 358.25 Td (Shade ) Tj ET Q q 0 0 0 rg BT 385.95 358.25 Td (Creek ) Tj ET Q q 0 0 0 rg BT 411.86 358.25 Td (Plants ) Tj ET Q q 0 0 0 rg BT 438.34 358.25 Td (remained ) Tj ET Q q 0 0 0 rg BT 477.58 358.25 Td (idled ) Tj ET Q q 0 0 0 rg BT 499.61 358.25 Td (during ) Tj ET Q q 0 0 0 rg BT 527.76 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.01 358.25 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (months ) Tj ET Q q 0 0 0 rg BT 81.95 346.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 108.33 346.25 Td (March ) Tj ET Q q 0 0 0 rg BT 136.92 346.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 151.92 346.25 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 320.9169921875 m 82.216796875 320.9169921875 l s q 0 0 0 rg BT 50.00 322.25 Td (Projects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 75.20 298.25 Td ( has several significant projects which are in various stages of permitting and development. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 116.00 262.75 166.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.00 262.75 113.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 262.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 116.00 232.75 166.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.00 232.75 113.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 232.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 116.00 202.75 166.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.00 202.75 113.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 202.75 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 116 262.75 m 282 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 262.75 m 395 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 262.75 m 495 262.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.00 267.43 Td (Name) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.75 267.43 Td (Type of Mine) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.15 267.43 Td (Status) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 252.42 Td (Rhoads Project) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.70 252.42 Td (Surface) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.05 252.42 Td (Permitted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 237.42 Td (Acosta Deep Project) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.40 237.42 Td (Underground) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.05 237.42 Td (Permitted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 222.42 Td (Horning D Project) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.40 222.42 Td (Underground) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.05 222.42 Td (Permitted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 207.42 Td (A Seam Project) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.40 207.42 Td (Underground) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.05 207.42 Td (Permitted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 192.42 Td (Keyser Project) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.40 192.42 Td (Underground) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.50 192.42 Td (Permit in Process) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 177.42 Td (Acosta 4 Project) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.70 177.42 Td (Surface) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.05 177.42 Td (Permitted) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 76.11 742.25 Td ( Operating Results) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 718.9169921875 m 80.537109375 718.9169921875 l s q 0 0 0 rg BT 50.00 720.25 Td (Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 698.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.64 698.25 Td (First ) Tj ET Q q 0 0 0 rg BT 81.28 698.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 114.13 698.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 138.94 698.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 164.13 698.25 Td ( ) Tj ET Q q 0 0 0 rg BT 166.44 698.25 Td (operated ) Tj ET Q q 0 0 0 rg BT 203.17 698.25 Td (two ) Tj ET Q q 0 0 0 rg BT 220.48 698.25 Td (under) Tj ET Q q 0 0 0 rg BT 243.06 698.25 Td (ground ) Tj ET Q q 0 0 0 rg BT 273.70 698.25 Td (mines ) Tj ET Q q 0 0 0 rg BT 299.90 698.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 317.75 698.25 Td (Casselman ) Tj ET Q q 0 0 0 rg BT 363.38 698.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.13 698.25 Td (Quecreek ) Tj ET Q q 0 0 0 rg BT 420.74 698.25 Td (Mines\), ) Tj ET Q q 0 0 0 rg BT 453.88 698.25 Td (two ) Tj ET Q q 0 0 0 rg BT 471.18 698.25 Td (surface ) Tj ET Q q 0 0 0 rg BT 502.36 698.25 Td (mines ) Tj ET Q q 0 0 0 rg BT 528.55 698.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 545.90 698.25 Td (Ash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 686.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 686.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.66 686.25 Td (Rhoads ) Tj ET Q q 0 0 0 rg BT 114.16 686.25 Td (Mines\) ) Tj ET Q q 0 0 0 rg BT 144.99 686.25 Td (and ) Tj ET Q q 0 0 0 rg BT 161.92 686.25 Td (one ) Tj ET Q q 0 0 0 rg BT 178.86 686.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 226.89 686.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 249.39 686.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 267.44 686.25 Td (Cambria ) Tj ET Q q 0 0 0 rg BT 304.37 686.25 Td (Plant\). ) Tj ET Q q 0 0 0 rg BT 333.26 686.25 Td ( ) Tj ET Q q 0 0 0 rg BT 335.76 686.25 Td (See ) Tj ET Q q 0 0 0 rg BT 352.70 686.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 382.33 686.25 Td ( ) Tj ET Q q 0 0 0 rg BT 384.83 686.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 435.64 686.25 Td (above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.25 Td (In ) Tj ET Q q 0 0 0 rg BT 61.04 662.25 Td (First ) Tj ET Q q 0 0 0 rg BT 82.08 662.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 115.33 662.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 140.54 662.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 165.73 662.25 Td ( ) Tj ET Q q 0 0 0 rg BT 168.44 662.25 Td (operated ) Tj ET Q q 0 0 0 rg BT 205.57 662.25 Td (three ) Tj ET Q q 0 0 0 rg BT 228.26 662.25 Td (under) Tj ET Q q 0 0 0 rg BT 250.85 662.25 Td (ground ) Tj ET Q q 0 0 0 rg BT 281.89 662.25 Td (mines ) Tj ET Q q 0 0 0 rg BT 308.48 662.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 326.74 662.25 Td (Casselman, ) Tj ET Q q 0 0 0 rg BT 375.27 662.25 Td (Quecreek ) Tj ET Q q 0 0 0 rg BT 416.28 662.25 Td (and ) Tj ET Q q 0 0 0 rg BT 433.43 662.25 Td (Kimberly ) Tj ET Q q 0 0 0 rg BT 474.46 662.25 Td (Run ) Tj ET Q q 0 0 0 rg BT 493.84 662.25 Td (Mines\) ) Tj ET Q q 0 0 0 rg BT 524.88 662.25 Td (and ) Tj ET Q q 0 0 0 rg BT 542.02 662.25 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.25 Td (surface ) Tj ET Q q 0 0 0 rg BT 81.37 650.25 Td (mines ) Tj ET Q q 0 0 0 rg BT 107.75 650.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 125.25 650.25 Td (Ash, ) Tj ET Q q 0 0 0 rg BT 146.36 650.25 Td (Rhodes ) Tj ET Q q 0 0 0 rg BT 178.86 650.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.80 650.25 Td (Semlesber) Tj ET Q q 0 0 0 rg BT 237.28 650.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 252.54 650.25 Td (Mines\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.04 626.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 101.18 626.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 123.10 626.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 142.25 626.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 161.41 626.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 203.32 626.25 Td (by ) Tj ET Q q 0 0 0 rg BT 215.81 626.25 Td (52,000 ) Tj ET Q q 0 0 0 rg BT 245.80 626.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 264.96 626.25 Td (from ) Tj ET Q q 0 0 0 rg BT 286.89 626.25 Td (First ) Tj ET Q q 0 0 0 rg BT 307.72 626.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 340.75 626.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 363.25 626.25 Td (due ) Tj ET Q q 0 0 0 rg BT 380.18 626.25 Td (to ) Tj ET Q q 0 0 0 rg BT 390.45 626.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.15 626.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 433.76 626.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.58 626.25 Td (export ) Tj ET Q q 0 0 0 rg BT 472.62 626.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 515.67 626.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.60 626.25 Td (general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.25 Td (market ) Tj ET Q q 0 0 0 rg BT 80.49 614.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 127.39 614.25 Td ( ) Tj ET Q q 0 0 0 rg BT 129.92 614.25 Td (Thermal ) Tj ET Q q 0 0 0 rg BT 166.52 614.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 185.90 614.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 205.30 614.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 245.78 614.25 Td (42,000 ) Tj ET Q q 0 0 0 rg BT 276.01 614.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 295.41 614.25 Td (from ) Tj ET Q q 0 0 0 rg BT 317.58 614.25 Td (First ) Tj ET Q q 0 0 0 rg BT 338.64 614.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 371.91 614.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 394.64 614.25 Td (due ) Tj ET Q q 0 0 0 rg BT 411.81 614.25 Td (to ) Tj ET Q q 0 0 0 rg BT 422.31 614.25 Td (a ) Tj ET Q q 0 0 0 rg BT 429.48 614.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 471.64 614.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 493.81 614.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 528.74 614.25 Td (that ) Tj ET Q q 0 0 0 rg BT 546.46 614.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 81.92 602.25 Td (into ) Tj ET Q q 0 0 0 rg BT 99.98 602.25 Td (after ) Tj ET Q q 0 0 0 rg BT 120.80 602.25 Td (First ) Tj ET Q q 0 0 0 rg BT 141.64 602.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 174.67 602.25 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.06 578.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 102.21 578.25 Td (price ) Tj ET Q q 0 0 0 rg BT 124.71 578.25 Td (per ) Tj ET Q q 0 0 0 rg BT 139.99 578.25 Td (ton ) Tj ET Q q 0 0 0 rg BT 155.28 578.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 174.46 578.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 216.38 578.25 Td ($18.68 ) Tj ET Q q 0 0 0 rg BT 246.39 578.25 Td (in ) Tj ET Q q 0 0 0 rg BT 256.68 578.25 Td (First ) Tj ET Q q 0 0 0 rg BT 277.53 578.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 310.58 578.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 333.09 578.25 Td (as ) Tj ET Q q 0 0 0 rg BT 343.94 578.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 385.87 578.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.16 578.25 Td (First ) Tj ET Q q 0 0 0 rg BT 417.01 578.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 450.06 578.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 472.57 578.25 Td (due ) Tj ET Q q 0 0 0 rg BT 489.52 578.25 Td (to ) Tj ET Q q 0 0 0 rg BT 499.81 578.25 Td (a ) Tj ET Q q 0 0 0 rg BT 506.76 578.25 Td (less ) Tj ET Q q 0 0 0 rg BT 524.27 578.25 Td (favorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 88.97 566.25 Td (and ) Tj ET Q q 0 0 0 rg BT 106.27 566.25 Td (export ) Tj ET Q q 0 0 0 rg BT 134.68 566.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 156.98 566.25 Td (mix, ) Tj ET Q q 0 0 0 rg BT 177.90 566.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.21 566.25 Td (an ) Tj ET Q q 0 0 0 rg BT 207.51 566.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 238.13 566.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 275.41 566.25 Td (in ) Tj ET Q q 0 0 0 rg BT 286.05 566.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 308.36 566.25 Td (price ) Tj ET Q q 0 0 0 rg BT 331.21 566.25 Td (as ) Tj ET Q q 0 0 0 rg BT 342.40 566.25 Td (a ) Tj ET Q q 0 0 0 rg BT 349.70 566.25 Td (result ) Tj ET Q q 0 0 0 rg BT 374.78 566.25 Td (of ) Tj ET Q q 0 0 0 rg BT 385.98 566.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.06 566.25 Td (global ) Tj ET Q q 0 0 0 rg BT 428.92 566.25 Td (oversupply ) Tj ET Q q 0 0 0 rg BT 476.22 566.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.41 566.25 Td (metallur) Tj ET Q q 0 0 0 rg BT 520.55 566.25 Td (gical ) Tj ET Q q 0 0 0 rg BT 542.85 566.25 Td (coal. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.25 Td (See ) Tj ET Q q 0 0 0 rg BT 66.94 554.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 118.78 554.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.28 554.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 161.00 554.25 Td (Measures ) Tj ET Q q 0 0 0 rg BT 206.25 554.25 Td (below) Tj ET Q q 0 0 0 rg BT 230.04 554.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.84 530.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 87.90 530.25 Td (production ) Tj ET Q q 0 0 0 rg BT 133.52 530.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 151.92 530.25 Td (per ) Tj ET Q q 0 0 0 rg BT 166.99 530.25 Td (ton ) Tj ET Q q 0 0 0 rg BT 182.06 530.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 201.02 530.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 242.73 530.25 Td (by ) Tj ET Q q 0 0 0 rg BT 255.03 530.25 Td ($13.86 ) Tj ET Q q 0 0 0 rg BT 284.82 530.25 Td (or ) Tj ET Q q 0 0 0 rg BT 295.44 530.25 Td (18.2% ) Tj ET Q q 0 0 0 rg BT 323.57 530.25 Td (in ) Tj ET Q q 0 0 0 rg BT 333.64 530.25 Td (First ) Tj ET Q q 0 0 0 rg BT 354.27 530.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 387.10 530.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 409.40 530.25 Td (as ) Tj ET Q q 0 0 0 rg BT 420.02 530.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 461.74 530.25 Td (to ) Tj ET Q q 0 0 0 rg BT 471.81 530.25 Td (First ) Tj ET Q q 0 0 0 rg BT 492.45 530.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 525.28 530.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 547.57 530.25 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 518.25 Td (Corsa) Tj ET Q q 0 0 0 rg BT 86.39 518.25 Td (s ) Tj ET Q q 0 0 0 rg BT 92.78 518.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 134.71 518.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 158.87 518.25 Td (on ) Tj ET Q q 0 0 0 rg BT 171.37 518.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 213.31 518.25 Td (production ) Tj ET Q q 0 0 0 rg BT 259.13 518.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 284.13 518.25 Td (See ) Tj ET Q q 0 0 0 rg BT 301.07 518.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 352.92 518.25 Td ( ) Tj ET Q q 0 0 0 rg BT 355.42 518.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 395.13 518.25 Td (Measures ) Tj ET Q q 0 0 0 rg BT 440.39 518.25 Td (below) Tj ET Q q 0 0 0 rg BT 464.17 518.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 494.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 76.11 494.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.61 494.25 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 74.64 470.25 Td ( ) Tj ET Q q 0 0 0 rg BT 77.99 470.25 Td (produces ) Tj ET Q q 0 0 0 rg BT 117.44 470.25 Td (and ) Tj ET Q q 0 0 0 rg BT 135.23 470.25 Td (sells ) Tj ET Q q 0 0 0 rg BT 156.36 470.25 Td (high ) Tj ET Q q 0 0 0 rg BT 177.49 470.25 Td (British ) Tj ET Q q 0 0 0 rg BT 207.83 470.25 Td (Thermal ) Tj ET Q q 0 0 0 rg BT 245.05 470.25 Td (Unit ) Tj ET Q q 0 0 0 rg BT 266.18 470.25 Td (\(BTU\), ) Tj ET Q q 0 0 0 rg BT 307.57 470.25 Td (low ) Tj ET Q q 0 0 0 rg BT 325.92 470.25 Td (and ) Tj ET Q q 0 0 0 rg BT 343.71 470.25 Td (mid ) Tj ET Q q 0 0 0 rg BT 362.62 470.25 Td (sulfur ) Tj ET Q q 0 0 0 rg BT 389.30 470.25 Td (thermal ) Tj ET Q q 0 0 0 rg BT 423.19 470.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 443.20 470.25 Td (used ) Tj ET Q q 0 0 0 rg BT 464.88 470.25 Td (in ) Tj ET Q q 0 0 0 rg BT 476.01 470.25 Td (power) Tj ET Q q 0 0 0 rg BT 500.60 470.25 Td (, ) Tj ET Q q 0 0 0 rg BT 506.45 470.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 547.57 470.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.25 Td (specialty ) Tj ET Q q 0 0 0 rg BT 87.46 458.25 Td (applications ) Tj ET Q q 0 0 0 rg BT 137.69 458.25 Td (from ) Tj ET Q q 0 0 0 rg BT 159.04 458.25 Td (its ) Tj ET Q q 0 0 0 rg BT 170.41 458.25 Td (mines ) Tj ET Q q 0 0 0 rg BT 196.21 458.25 Td (in ) Tj ET Q q 0 0 0 rg BT 205.90 458.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.03 458.25 Td (Central ) Tj ET Q q 0 0 0 rg BT 250.95 458.25 Td (Appalachia ) Tj ET Q q 0 0 0 rg BT 298.40 458.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 316.97 458.25 Td (region ) Tj ET Q q 0 0 0 rg BT 344.43 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 354.68 458.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.81 458.25 Td (United ) Tj ET Q q 0 0 0 rg BT 397.94 458.25 Td (States. ) Tj ET Q q 0 0 0 rg BT 426.10 458.25 Td (The ) Tj ET Q q 0 0 0 rg BT 443.56 458.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 462.13 458.25 Td (mined ) Tj ET Q q 0 0 0 rg BT 489.04 458.25 Td (is ) Tj ET Q q 0 0 0 rg BT 497.62 458.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 516.21 458.25 Td (to ) Tj ET Q q 0 0 0 rg BT 525.90 458.25 Td (domestic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.25 Td (electric ) Tj ET Q q 0 0 0 rg BT 81.54 446.25 Td (utilities ) Tj ET Q q 0 0 0 rg BT 113.66 446.25 Td (and ) Tj ET Q q 0 0 0 rg BT 130.21 446.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 170.11 446.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 212.77 446.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.33 446.25 Td (transported ) Tj ET Q q 0 0 0 rg BT 276.44 446.25 Td (by ) Tj ET Q q 0 0 0 rg BT 288.55 446.25 Td (rail ) Tj ET Q q 0 0 0 rg BT 304.00 446.25 Td (and ) Tj ET Q q 0 0 0 rg BT 320.56 446.25 Td (truck. ) Tj ET Q q 0 0 0 rg BT 345.72 446.25 Td (In ) Tj ET Q q 0 0 0 rg BT 356.17 446.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 391.06 446.25 Td (to ) Tj ET Q q 0 0 0 rg BT 400.96 446.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.30 446.25 Td (mines ) Tj ET Q q 0 0 0 rg BT 441.30 446.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 479.52 446.25 Td (in ) Tj ET Q q 0 0 0 rg BT 489.41 446.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 537.36 446.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 562.00 446.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.25 Td (also ) Tj ET Q q 0 0 0 rg BT 67.89 434.25 Td (has ) Tj ET Q q 0 0 0 rg BT 83.00 434.25 Td (a ) Tj ET Q q 0 0 0 rg BT 89.22 434.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 133.21 434.25 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 167.21 434.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.32 434.25 Td (thermal, ) Tj ET Q q 0 0 0 rg BT 212.14 434.25 Td (specialty ) Tj ET Q q 0 0 0 rg BT 249.46 434.25 Td (and ) Tj ET Q q 0 0 0 rg BT 265.68 434.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 305.24 434.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 323.68 434.25 Td (development ) Tj ET Q q 0 0 0 rg BT 377.11 434.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 410.54 434.25 Td (which ) Tj ET Q q 0 0 0 rg BT 436.76 434.25 Td (it ) Tj ET Q q 0 0 0 rg BT 444.10 434.25 Td (anticipates ) Tj ET Q q 0 0 0 rg BT 488.64 434.25 Td (developing. ) Tj ET Q q 0 0 0 rg BT 537.36 434.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 562.00 434.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 422.25 Td (based ) Tj ET Q q 0 0 0 rg BT 84.44 422.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.72 422.25 Td (Knoxville, ) Tj ET Q q 0 0 0 rg BT 139.53 422.25 Td (T) Tj ET Q q 0 0 0 rg BT 144.94 422.25 Td (ennessee ) Tj ET Q q 0 0 0 rg BT 182.98 422.25 Td (and ) Tj ET Q q 0 0 0 rg BT 199.92 422.25 Td (has ) Tj ET Q q 0 0 0 rg BT 215.75 422.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 259.90 422.25 Td (in ) Tj ET Q q 0 0 0 rg BT 270.00 422.25 Td (T) Tj ET Q q 0 0 0 rg BT 275.41 422.25 Td (ennessee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 396.9169921875 m 75 396.9169921875 l s q 0 0 0 rg BT 50.00 398.25 Td (Mines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 74.64 374.25 Td ( ) Tj ET Q q 0 0 0 rg BT 77.76 374.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 116.97 374.25 Td (operates ) Tj ET Q q 0 0 0 rg BT 153.40 374.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.74 374.25 Td (Double ) Tj ET Q q 0 0 0 rg BT 201.29 374.25 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 243.29 374.25 Td (Deep ) Tj ET Q q 0 0 0 rg BT 267.51 374.25 Td (Mine, ) Tj ET Q q 0 0 0 rg BT 294.24 374.25 Td (an ) Tj ET Q q 0 0 0 rg BT 306.79 374.25 Td (under) Tj ET Q q 0 0 0 rg BT 329.38 374.25 Td (ground ) Tj ET Q q 0 0 0 rg BT 360.83 374.25 Td (mine ) Tj ET Q q 0 0 0 rg BT 383.94 374.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 420.38 374.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.72 374.25 Td (continuous ) Tj ET Q q 0 0 0 rg BT 482.72 374.25 Td (mining ) Tj ET Q q 0 0 0 rg BT 514.17 374.25 Td (method, ) Tj ET Q q 0 0 0 rg BT 549.78 374.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.25 Td (Straight ) Tj ET Q q 0 0 0 rg BT 84.88 362.25 Td (Creek ) Tj ET Q q 0 0 0 rg BT 111.97 362.25 Td (Mine, ) Tj ET Q q 0 0 0 rg BT 138.79 362.25 Td (a ) Tj ET Q q 0 0 0 rg BT 146.44 362.25 Td (surface ) Tj ET Q q 0 0 0 rg BT 178.52 362.25 Td (mine ) Tj ET Q q 0 0 0 rg BT 201.72 362.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 238.26 362.25 Td (contour ) Tj ET Q q 0 0 0 rg BT 272.02 362.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.67 362.25 Td (auger ) Tj ET Q q 0 0 0 rg BT 315.09 362.25 Td (mining ) Tj ET Q q 0 0 0 rg BT 346.64 362.25 Td (methods, ) Tj ET Q q 0 0 0 rg BT 386.24 362.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.89 362.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.32 362.25 Td (Cooper ) Tj ET Q q 0 0 0 rg BT 451.97 362.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 479.07 362.25 Td (Deep ) Tj ET Q q 0 0 0 rg BT 503.38 362.25 Td (Mine ) Tj ET Q q 0 0 0 rg BT 527.70 362.25 Td (which ) Tj ET Q q 0 0 0 rg BT 555.35 362.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 88.59 350.25 Td (developing ) Tj ET Q q 0 0 0 rg BT 135.53 350.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.24 350.25 Td (main ) Tj ET Q q 0 0 0 rg BT 172.74 350.25 Td (line ) Tj ET Q q 0 0 0 rg BT 190.23 350.25 Td (entries. ) Tj ET Q q 0 0 0 rg BT 221.89 350.25 Td ( ) Tj ET Q q 0 0 0 rg BT 223.84 350.25 Td (All ) Tj ET Q q 0 0 0 rg BT 239.12 350.25 Td (mines ) Tj ET Q q 0 0 0 rg BT 265.50 350.25 Td (are ) Tj ET Q q 0 0 0 rg BT 280.21 350.25 Td (located ) Tj ET Q q 0 0 0 rg BT 311.58 350.25 Td (in ) Tj ET Q q 0 0 0 rg BT 321.86 350.25 Td (Claiborne ) Tj ET Q q 0 0 0 rg BT 363.79 350.25 Td (County) Tj ET Q q 0 0 0 rg BT 392.59 350.25 Td (, ) Tj ET Q q 0 0 0 rg BT 397.41 350.25 Td (T) Tj ET Q q 0 0 0 rg BT 402.82 350.25 Td (ennessee.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 324.9169921875 m 119.150390625 324.9169921875 l s q 0 0 0 rg BT 50.00 326.25 Td (Preparation ) Tj ET Q q 0 0 0 rg BT 98.59 326.25 Td (Plant) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 74.64 302.25 Td ( ) Tj ET Q q 0 0 0 rg BT 76.36 302.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 114.17 302.25 Td (operates ) Tj ET Q q 0 0 0 rg BT 149.21 302.25 Td (one ) Tj ET Q q 0 0 0 rg BT 165.36 302.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 212.61 302.25 Td (plant. ) Tj ET Q q 0 0 0 rg BT 236.70 302.25 Td (The ) Tj ET Q q 0 0 0 rg BT 253.97 302.25 Td (thermal ) Tj ET Q q 0 0 0 rg BT 286.23 302.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 304.60 302.25 Td (produced ) Tj ET Q q 0 0 0 rg BT 343.52 302.25 Td (from ) Tj ET Q q 0 0 0 rg BT 364.68 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.61 302.25 Td (under) Tj ET Q q 0 0 0 rg BT 401.20 302.25 Td (ground ) Tj ET Q q 0 0 0 rg BT 431.25 302.25 Td (mine ) Tj ET Q q 0 0 0 rg BT 452.96 302.25 Td (is ) Tj ET Q q 0 0 0 rg BT 461.35 302.25 Td (trucked ) Tj ET Q q 0 0 0 rg BT 493.05 302.25 Td (to ) Tj ET Q q 0 0 0 rg BT 502.55 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.48 302.25 Td (preparation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 71.83 290.25 Td (where ) Tj ET Q q 0 0 0 rg BT 98.09 290.25 Td (it ) Tj ET Q q 0 0 0 rg BT 105.47 290.25 Td (is ) Tj ET Q q 0 0 0 rg BT 113.97 290.25 Td (processed ) Tj ET Q q 0 0 0 rg BT 155.23 290.25 Td (or ) Tj ET Q q 0 0 0 rg BT 165.40 290.25 Td (washed ) Tj ET Q q 0 0 0 rg BT 206.09 290.25 Td (using ) Tj ET Q q 0 0 0 rg BT 229.59 290.25 Td (conventional ) Tj ET Q q 0 0 0 rg BT 283.08 290.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 301.56 290.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 346.16 290.25 Td (techniques ) Tj ET Q q 0 0 0 rg BT 390.76 290.25 Td (and ) Tj ET Q q 0 0 0 rg BT 407.03 290.25 Td (stored ) Tj ET Q q 0 0 0 rg BT 433.30 290.25 Td (for ) Tj ET Q q 0 0 0 rg BT 446.79 290.25 Td (shipping. ) Tj ET Q q 0 0 0 rg BT 485.43 290.25 Td (The ) Tj ET Q q 0 0 0 rg BT 502.81 290.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 524.64 290.25 Td (is ) Tj ET Q q 0 0 0 rg BT 533.14 290.25 Td (located ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.49 278.25 Td (Claiborne ) Tj ET Q q 0 0 0 rg BT 100.63 278.25 Td (County) Tj ET Q q 0 0 0 rg BT 129.43 278.25 Td (, ) Tj ET Q q 0 0 0 rg BT 133.52 278.25 Td (T) Tj ET Q q 0 0 0 rg BT 138.93 278.25 Td (ennessee. ) Tj ET Q q 0 0 0 rg BT 178.56 278.25 Td (The ) Tj ET Q q 0 0 0 rg BT 195.81 278.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 217.52 278.25 Td (has ) Tj ET Q q 0 0 0 rg BT 232.56 278.25 Td (an ) Tj ET Q q 0 0 0 rg BT 243.71 278.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 283.19 278.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 318.21 278.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.25 278.25 Td (350 ) Tj ET Q q 0 0 0 rg BT 344.96 278.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 363.34 278.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.39 278.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 390.09 278.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 408.45 278.25 Td (per ) Tj ET Q q 0 0 0 rg BT 422.93 278.25 Td (hour ) Tj ET Q q 0 0 0 rg BT 442.98 278.25 Td (and ) Tj ET Q q 0 0 0 rg BT 459.13 278.25 Td (load ) Tj ET Q q 0 0 0 rg BT 478.05 278.25 Td (out ) Tj ET Q q 0 0 0 rg BT 492.54 278.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 528.68 278.25 Td (adjacent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.64 266.25 Td (a ) Tj ET Q q 0 0 0 rg BT 67.93 266.25 Td (NS ) Tj ET Q q 0 0 0 rg BT 83.58 266.25 Td (rail ) Tj ET Q q 0 0 0 rg BT 99.76 266.25 Td (line ) Tj ET Q q 0 0 0 rg BT 117.61 266.25 Td (with ) Tj ET Q q 0 0 0 rg BT 138.25 266.25 Td (dual ) Tj ET Q q 0 0 0 rg BT 158.33 266.25 Td (NS ) Tj ET Q q 0 0 0 rg BT 173.97 266.25 Td (and ) Tj ET Q q 0 0 0 rg BT 191.27 266.25 Td (CSX ) Tj ET Q q 0 0 0 rg BT 213.58 266.25 Td (load ) Tj ET Q q 0 0 0 rg BT 233.65 266.25 Td (out ) Tj ET Q q 0 0 0 rg BT 249.29 266.25 Td (capability) Tj ET Q q 0 0 0 rg BT 288.07 266.25 Td (. ) Tj ET Q q 0 0 0 rg BT 293.43 266.25 Td (Coal ) Tj ET Q q 0 0 0 rg BT 315.18 266.25 Td (is ) Tj ET Q q 0 0 0 rg BT 324.70 266.25 Td (usually ) Tj ET Q q 0 0 0 rg BT 356.45 266.25 Td (shipped ) Tj ET Q q 0 0 0 rg BT 390.42 266.25 Td (by ) Tj ET Q q 0 0 0 rg BT 403.28 266.25 Td (rail; ) Tj ET Q q 0 0 0 rg BT 422.24 266.25 Td (however) Tj ET Q q 0 0 0 rg BT 456.27 266.25 Td (, ) Tj ET Q q 0 0 0 rg BT 461.63 266.25 Td (it ) Tj ET Q q 0 0 0 rg BT 470.04 266.25 Td (can ) Tj ET Q q 0 0 0 rg BT 486.78 266.25 Td (also ) Tj ET Q q 0 0 0 rg BT 505.74 266.25 Td (be ) Tj ET Q q 0 0 0 rg BT 518.04 266.25 Td (shipped ) Tj ET Q q 0 0 0 rg BT 552.01 266.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.25 Td (truck. ) Tj ET Q q 0 0 0 rg BT 75.00 254.25 Td (All ) Tj ET Q q 0 0 0 rg BT 90.27 254.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 114.92 254.25 Td ( ) Tj ET Q q 0 0 0 rg BT 117.42 254.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 157.68 254.25 Td (mines ) Tj ET Q q 0 0 0 rg BT 184.07 254.25 Td (are ) Tj ET Q q 0 0 0 rg BT 198.77 254.25 Td (within ) Tj ET Q q 0 0 0 rg BT 226.83 254.25 Td (seven ) Tj ET Q q 0 0 0 rg BT 252.10 254.25 Td (miles ) Tj ET Q q 0 0 0 rg BT 276.26 254.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.09 254.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.81 254.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 349.84 254.25 Td (plant.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 228.9169921875 m 82.216796875 228.9169921875 l s q 0 0 0 rg BT 50.00 230.25 Td (Projects) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 74.64 206.25 Td ( ) Tj ET Q q 0 0 0 rg BT 77.14 206.25 Td (has ) Tj ET Q q 0 0 0 rg BT 92.97 206.25 Td (several ) Tj ET Q q 0 0 0 rg BT 123.79 206.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 168.50 206.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 202.66 206.25 Td (which ) Tj ET Q q 0 0 0 rg BT 229.59 206.25 Td (are ) Tj ET Q q 0 0 0 rg BT 244.30 206.25 Td (in ) Tj ET Q q 0 0 0 rg BT 254.58 206.25 Td (various ) Tj ET Q q 0 0 0 rg BT 286.52 206.25 Td (stages ) Tj ET Q q 0 0 0 rg BT 313.46 206.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.29 206.25 Td (permitting ) Tj ET Q q 0 0 0 rg BT 368.45 206.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.39 206.25 Td (development. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 116.00 180.75 166.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.00 180.75 113.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 180.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 116.00 150.75 166.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.00 150.75 113.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 150.75 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 116 180.75 m 282 180.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 180.75 m 395 180.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 180.75 m 495 180.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.00 185.43 Td (Name) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.75 185.43 Td (Type of Mine) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.15 185.43 Td (Status) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 170.42 Td (Cumberland Gap Deep Project) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.40 170.42 Td (Underground) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 170.42 Td (Not-permitted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 155.42 Td (Rich Gap Mason Deep Project) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.40 155.42 Td (Underground) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 155.42 Td (Not-permitted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 140.42 Td (Cooper Ridge Surface Project) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.35 140.42 Td (Surface / High Wall) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 140.42 Td (Not-permitted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 125.42 Td (Cooper Ridge Deep Project) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.40 125.42 Td (Underground) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.55 125.42 Td (Development) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 76.11 742.25 Td ( Operating Results) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 718.9169921875 m 80.537109375 718.9169921875 l s q 0 0 0 rg BT 50.00 720.25 Td (Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.86 696.25 Td (First ) Tj ET Q q 0 0 0 rg BT 81.72 696.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 114.78 696.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 139.81 696.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 164.45 696.25 Td ( ) Tj ET Q q 0 0 0 rg BT 166.98 696.25 Td (operated ) Tj ET Q q 0 0 0 rg BT 203.93 696.25 Td (one ) Tj ET Q q 0 0 0 rg BT 220.89 696.25 Td (under) Tj ET Q q 0 0 0 rg BT 243.48 696.25 Td (ground ) Tj ET Q q 0 0 0 rg BT 274.34 696.25 Td (mine ) Tj ET Q q 0 0 0 rg BT 296.86 696.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 314.93 696.25 Td (Double ) Tj ET Q q 0 0 0 rg BT 346.90 696.25 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 388.31 696.25 Td (Deep ) Tj ET Q q 0 0 0 rg BT 411.93 696.25 Td (Mine\), ) Tj ET Q q 0 0 0 rg BT 441.40 696.25 Td (one ) Tj ET Q q 0 0 0 rg BT 458.36 696.25 Td (surface ) Tj ET Q q 0 0 0 rg BT 489.75 696.25 Td (mine ) Tj ET Q q 0 0 0 rg BT 512.28 696.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 530.35 696.25 Td (Straight ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.25 Td (Creek ) Tj ET Q q 0 0 0 rg BT 76.38 684.25 Td (Mine\), ) Tj ET Q q 0 0 0 rg BT 105.82 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.53 684.25 Td (Cooper ) Tj ET Q q 0 0 0 rg BT 152.47 684.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 178.86 684.25 Td (Deep ) Tj ET Q q 0 0 0 rg BT 202.46 684.25 Td (Mine ) Tj ET Q q 0 0 0 rg BT 226.06 684.25 Td (was ) Tj ET Q q 0 0 0 rg BT 244.12 684.25 Td (under ) Tj ET Q q 0 0 0 rg BT 269.38 684.25 Td (development ) Tj ET Q q 0 0 0 rg BT 323.54 684.25 Td (and ) Tj ET Q q 0 0 0 rg BT 340.47 684.25 Td (one ) Tj ET Q q 0 0 0 rg BT 357.41 684.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 405.44 684.25 Td (plant. ) Tj ET Q q 0 0 0 rg BT 430.44 684.25 Td (See ) Tj ET Q q 0 0 0 rg BT 447.38 684.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 476.46 684.25 Td ( ) Tj ET Q q 0 0 0 rg BT 478.96 684.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 529.78 684.25 Td (above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.39 660.25 Td (First ) Tj ET Q q 0 0 0 rg BT 80.78 660.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 113.38 660.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 137.94 660.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 162.58 660.25 Td ( ) Tj ET Q q 0 0 0 rg BT 164.64 660.25 Td (operated ) Tj ET Q q 0 0 0 rg BT 201.12 660.25 Td (one ) Tj ET Q q 0 0 0 rg BT 217.61 660.25 Td (under) Tj ET Q q 0 0 0 rg BT 240.20 660.25 Td (ground ) Tj ET Q q 0 0 0 rg BT 270.59 660.25 Td (mine ) Tj ET Q q 0 0 0 rg BT 292.64 660.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 310.24 660.25 Td (Double ) Tj ET Q q 0 0 0 rg BT 341.74 660.25 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 382.68 660.25 Td (Deep ) Tj ET Q q 0 0 0 rg BT 405.84 660.25 Td (Mine\) ) Tj ET Q q 0 0 0 rg BT 432.33 660.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.83 660.25 Td (two ) Tj ET Q q 0 0 0 rg BT 465.89 660.25 Td (surface ) Tj ET Q q 0 0 0 rg BT 496.81 660.25 Td (mines ) Tj ET Q q 0 0 0 rg BT 522.76 660.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 540.36 660.25 Td (Clear ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.25 Td (Fork ) Tj ET Q q 0 0 0 rg BT 71.39 648.25 Td (and ) Tj ET Q q 0 0 0 rg BT 88.33 648.25 Td (Straight ) Tj ET Q q 0 0 0 rg BT 122.50 648.25 Td (Creek ) Tj ET Q q 0 0 0 rg BT 148.87 648.25 Td (Mines\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.78 624.25 Td (thermal ) Tj ET Q q 0 0 0 rg BT 100.55 624.25 Td (and ) Tj ET Q q 0 0 0 rg BT 117.23 624.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 157.23 624.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 176.12 624.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 195.02 624.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 236.67 624.25 Td (101,000 ) Tj ET Q q 0 0 0 rg BT 271.40 624.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 290.31 624.25 Td (from ) Tj ET Q q 0 0 0 rg BT 311.98 624.25 Td (First ) Tj ET Q q 0 0 0 rg BT 332.55 624.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 365.32 624.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 387.55 624.25 Td (due ) Tj ET Q q 0 0 0 rg BT 404.22 624.25 Td (to ) Tj ET Q q 0 0 0 rg BT 414.24 624.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 448.11 624.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 482.00 624.25 Td (as ) Tj ET Q q 0 0 0 rg BT 492.57 624.25 Td (a ) Tj ET Q q 0 0 0 rg BT 499.24 624.25 Td (result ) Tj ET Q q 0 0 0 rg BT 523.69 624.25 Td (of ) Tj ET Q q 0 0 0 rg BT 534.25 624.25 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 94.17 612.25 Td (as ) Tj ET Q q 0 0 0 rg BT 105.00 612.25 Td (well ) Tj ET Q q 0 0 0 rg BT 124.71 612.25 Td (as ) Tj ET Q q 0 0 0 rg BT 135.54 612.25 Td (capitalizing ) Tj ET Q q 0 0 0 rg BT 184.69 612.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.40 612.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 237.44 612.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 281.04 612.25 Td (with ) Tj ET Q q 0 0 0 rg BT 301.31 612.25 Td (28,000 ) Tj ET Q q 0 0 0 rg BT 331.31 612.25 Td (tons ) Tj ET Q q 0 0 0 rg BT 350.48 612.25 Td (related ) Tj ET Q q 0 0 0 rg BT 380.19 612.25 Td (to ) Tj ET Q q 0 0 0 rg BT 390.46 612.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.18 612.25 Td (Cooper ) Tj ET Q q 0 0 0 rg BT 437.12 612.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 463.51 612.25 Td (mine ) Tj ET Q q 0 0 0 rg BT 486.00 612.25 Td (development.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.71 588.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 103.50 588.25 Td (price ) Tj ET Q q 0 0 0 rg BT 126.65 588.25 Td (per ) Tj ET Q q 0 0 0 rg BT 142.57 588.25 Td (ton ) Tj ET Q q 0 0 0 rg BT 158.51 588.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 178.34 588.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 220.91 588.25 Td (by ) Tj ET Q q 0 0 0 rg BT 234.07 588.25 Td ($2.22 ) Tj ET Q q 0 0 0 rg BT 259.73 588.25 Td (from ) Tj ET Q q 0 0 0 rg BT 282.32 588.25 Td (First ) Tj ET Q q 0 0 0 rg BT 303.82 588.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 337.52 588.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 360.68 588.25 Td (to ) Tj ET Q q 0 0 0 rg BT 371.61 588.25 Td (First ) Tj ET Q q 0 0 0 rg BT 393.11 588.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 426.81 588.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 449.96 588.25 Td (due ) Tj ET Q q 0 0 0 rg BT 467.56 588.25 Td (to ) Tj ET Q q 0 0 0 rg BT 478.50 588.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.87 588.25 Td (declining ) Tj ET Q q 0 0 0 rg BT 534.24 588.25 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 80.83 576.25 Td (for ) Tj ET Q q 0 0 0 rg BT 94.99 576.25 Td (spot ) Tj ET Q q 0 0 0 rg BT 114.16 576.25 Td (sales. ) Tj ET Q q 0 0 0 rg BT 138.59 576.25 Td (See ) Tj ET Q q 0 0 0 rg BT 155.53 576.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 207.38 576.25 Td ( ) Tj ET Q q 0 0 0 rg BT 209.88 576.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 249.59 576.25 Td (Measures ) Tj ET Q q 0 0 0 rg BT 294.85 576.25 Td (below) Tj ET Q q 0 0 0 rg BT 318.64 576.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.57 552.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 89.37 552.25 Td (production ) Tj ET Q q 0 0 0 rg BT 135.72 552.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 154.85 552.25 Td (per ) Tj ET Q q 0 0 0 rg BT 170.65 552.25 Td (ton ) Tj ET Q q 0 0 0 rg BT 186.45 552.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 206.15 552.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 248.59 552.25 Td (by ) Tj ET Q q 0 0 0 rg BT 261.62 552.25 Td ($12.91 ) Tj ET Q q 0 0 0 rg BT 292.14 552.25 Td (or ) Tj ET Q q 0 0 0 rg BT 303.50 552.25 Td (20.8% ) Tj ET Q q 0 0 0 rg BT 332.36 552.25 Td (from ) Tj ET Q q 0 0 0 rg BT 354.82 552.25 Td (First ) Tj ET Q q 0 0 0 rg BT 376.19 552.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 409.75 552.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 432.78 552.25 Td (to ) Tj ET Q q 0 0 0 rg BT 443.58 552.25 Td (First ) Tj ET Q q 0 0 0 rg BT 464.95 552.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 498.51 552.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 521.54 552.25 Td (due ) Tj ET Q q 0 0 0 rg BT 539.00 552.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.81 552.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.25 Td (impacts ) Tj ET Q q 0 0 0 rg BT 83.60 540.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.43 540.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.15 540.25 Td (divisions ) Tj ET Q q 0 0 0 rg BT 147.77 540.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 166.38 540.25 Td (containment ) Tj ET Q q 0 0 0 rg BT 218.31 540.25 Td (initiatives. ) Tj ET Q q 0 0 0 rg BT 262.74 540.25 Td (See ) Tj ET Q q 0 0 0 rg BT 279.68 540.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 331.53 540.25 Td ( ) Tj ET Q q 0 0 0 rg BT 334.03 540.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 373.74 540.25 Td (Measures ) Tj ET Q q 0 0 0 rg BT 419.00 540.25 Td (below) Tj ET Q q 0 0 0 rg BT 442.79 540.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 514.68505859375 m 123.6181640625 514.68505859375 l s q 0 0 0 rg BT 50.00 516.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 92.50 516.25 Td (Results) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 463.75 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 463.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 463.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 463.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 463.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 463.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 463.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 463.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 463.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 433.75 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 433.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 433.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 433.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 433.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 433.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 433.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 433.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 433.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 403.75 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 403.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 403.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 403.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 403.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 403.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 403.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 403.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 403.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 373.75 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 373.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 373.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 373.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 373.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 373.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 373.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 373.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 373.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 343.75 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 343.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 343.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 343.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 343.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 343.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 343.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 343.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 343.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 313.75 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 313.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 313.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 313.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 313.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 313.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 313.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 313.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 313.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 478.75 m 333.5 478.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 478.75 m 344.5 478.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 478.75 m 409.5 478.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 478.75 m 420.5 478.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 478.75 m 485.5 478.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 478.75 m 496.5 478.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 478.75 m 561.5 478.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 463.75 m 333.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 463.75 m 409.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 463.75 m 485.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 463.75 m 561.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 433.75 m 333.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 433.75 m 409.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 433.75 m 485.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 433.75 m 561.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 403.75 m 333.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 403.75 m 409.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 403.75 m 485.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 403.75 m 561.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 358.75 m 333.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 358.75 m 409.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 358.75 m 485.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 358.75 m 561.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 328.75 m 333.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 314.75 m 333.5 314.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 312.75 m 333.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 328.75 m 409.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 314.75 m 409.5 314.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 312.75 m 409.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 328.75 m 485.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 314.75 m 485.5 314.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 312.75 m 485.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 328.75 m 561.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 314.75 m 561.5 314.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 312.75 m 561.5 312.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 284.75 m 333.5 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 282.75 m 333.5 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 284.75 m 409.5 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 282.75 m 409.5 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 284.75 m 485.5 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 282.75 m 485.5 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 284.75 m 561.5 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 282.75 m 561.5 282.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.15 483.43 Td (For the three months ended March 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 468.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.40 468.43 Td (NAPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.40 468.43 Td (CAPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.25 468.43 Td (Corporate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.40 468.43 Td (Consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 453.42 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 453.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 453.42 Td (10,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 453.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 453.42 Td (6,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 453.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 453.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 453.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 453.42 Td (16,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 438.42 Td (Cost of sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.80 438.47 Td (\(13,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 438.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 438.47 Td (\(5,997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 438.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 438.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 438.47 Td (\(19,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 438.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 423.42 Td (Gross margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.80 423.47 Td (\(3,474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 423.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 423.42 Td (411) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 423.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 423.47 Td (\(3,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 423.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 408.42 Td (Corporate and administrative expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.80 408.47 Td (\(1,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 408.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 408.47 Td (\(407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 408.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 408.47 Td (\(1,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 408.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 408.47 Td (\(3,107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 408.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 393.42 Td (Loss from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.80 393.47 Td (\(4,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 393.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 393.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 393.47 Td (\(1,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 393.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 393.47 Td (\(6,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 393.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 378.42 Td (Net finance expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.30 378.47 Td (\(442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 378.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 378.47 Td (\(116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 378.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 378.47 Td (\(1,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 378.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 378.47 Td (\(2,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 378.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 363.42 Td (Other income \(expense\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 363.42 Td (312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.30 363.47 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 363.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 363.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 363.42 Td (307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 348.42 Td (Loss before tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.80 348.47 Td (\(4,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 348.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 348.47 Td (\(117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 348.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 348.47 Td (\(3,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 348.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 348.47 Td (\(8,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 348.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 333.42 Td (Income tax expense \(recovery\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 333.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 333.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 333.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 333.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 318.42 Td (Net and comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 318.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.80 318.47 Td (\(4,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 318.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 318.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 318.47 Td (\(117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 318.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 318.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 318.47 Td (\(3,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 318.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 318.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 318.47 Td (\(8,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 318.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 288.42 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 127.27 292.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 288.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.30 288.47 Td (\(607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 288.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 288.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 288.42 Td (952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 288.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 288.47 Td (\(964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 288.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 288.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 288.47 Td (\(619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 288.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 231.75 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 231.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 231.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 231.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 231.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 231.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 231.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 231.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 231.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 201.75 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 201.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 201.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 201.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 201.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 201.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 201.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 201.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 201.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 171.75 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 171.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 171.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 171.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 171.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 171.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 171.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 171.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 171.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 141.75 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 141.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 141.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 141.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 141.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 141.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 141.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 141.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 141.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 111.75 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 111.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 111.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 111.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 111.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 111.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 111.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 111.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 111.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 81.75 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 81.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 81.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 81.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 81.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 81.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 81.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 81.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 81.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 246.75 m 333.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 246.75 m 344.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 246.75 m 409.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 246.75 m 420.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 246.75 m 485.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 246.75 m 496.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 246.75 m 561.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 231.75 m 333.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 231.75 m 409.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 231.75 m 485.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 231.75 m 561.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 201.75 m 333.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 201.75 m 409.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 201.75 m 485.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 201.75 m 561.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 171.75 m 333.5 171.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 171.75 m 409.5 171.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 171.75 m 485.5 171.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 171.75 m 561.5 171.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 126.75 m 333.5 126.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 126.75 m 409.5 126.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 126.75 m 485.5 126.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 126.75 m 561.5 126.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 96.75 m 333.5 96.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 82.75 m 333.5 82.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 80.75 m 333.5 80.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 96.75 m 409.5 96.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 82.75 m 409.5 82.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 80.75 m 409.5 80.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 96.75 m 485.5 96.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 82.75 m 485.5 82.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 80.75 m 485.5 80.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 96.75 m 561.5 96.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 82.75 m 561.5 82.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 80.75 m 561.5 80.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 52.75 m 333.5 52.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 50.75 m 333.5 50.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 52.75 m 409.5 52.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 50.75 m 409.5 50.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 52.75 m 485.5 52.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 50.75 m 485.5 50.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 52.75 m 561.5 52.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 50.75 m 561.5 50.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.15 251.43 Td (For the three months ended March 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 236.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.40 236.43 Td (NAPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.40 236.43 Td (CAPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.25 236.43 Td (Corporate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.40 236.43 Td (Consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 221.42 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 221.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 221.42 Td (17,976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 221.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 221.42 Td (13,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 221.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 221.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 221.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 221.42 Td (31,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 206.42 Td (Cost of sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.80 206.47 Td (\(29,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 206.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.80 206.47 Td (\(23,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 206.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 206.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 206.47 Td (\(52,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 206.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 191.42 Td (Gross margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.80 191.47 Td (\(11,243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 191.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.80 191.47 Td (\(10,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 191.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 191.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 191.47 Td (\(21,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 191.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 176.42 Td (Corporate and administrative expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.80 176.47 Td (\(1,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 176.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 176.47 Td (\(377) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 176.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 176.47 Td (\(1,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 176.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 176.47 Td (\(4,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 176.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 161.42 Td (Loss from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.80 161.47 Td (\(13,119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 161.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.80 161.47 Td (\(10,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 161.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 161.47 Td (\(1,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 161.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 161.47 Td (\(25,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 161.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 146.42 Td (Net finance \(expense\) income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.30 146.47 Td (\(743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 146.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 146.47 Td (\(121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 146.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 146.42 Td (295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 146.47 Td (\(569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 146.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 131.42 Td (Other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 131.42 Td (643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 131.42 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 131.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 131.42 Td (655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 116.42 Td (Loss before tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.80 116.47 Td (\(13,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 116.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.80 116.47 Td (\(10,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 116.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 116.47 Td (\(1,591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 116.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 116.47 Td (\(25,363) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 116.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 101.42 Td (Income tax expense \(recovery\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 101.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 101.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 101.42 Td (264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 101.42 Td (264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 86.42 Td (Net and comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 86.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.80 86.47 Td (\(13,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 86.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 86.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.80 86.47 Td (\(10,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 86.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 86.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 86.47 Td (\(1,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 86.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 86.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 86.47 Td (\(25,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 86.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 56.42 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 127.27 60.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 56.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 56.42 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 56.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 56.42 Td (345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 56.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 56.47 Td (\(995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 56.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 56.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 56.47 Td (\(648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 56.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 686.60 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 686.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 686.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 686.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 686.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 686.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 686.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 686.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 686.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 656.60 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 656.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 656.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 656.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 656.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 656.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 656.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 656.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 656.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 626.60 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 626.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 626.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 626.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 626.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 626.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 626.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 626.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 626.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 596.60 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 596.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 596.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 596.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 596.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 596.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 596.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 596.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 596.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 566.60 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 566.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 566.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 566.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 566.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 566.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 566.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 566.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 566.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 536.60 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 536.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 536.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 536.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 536.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 536.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 536.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 536.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 536.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 701.6 m 333.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 701.6 m 344.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 701.6 m 409.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 701.6 m 420.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 701.6 m 485.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 701.6 m 496.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 701.6 m 561.5 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 686.6 m 333.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 686.6 m 409.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 686.6 m 485.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 686.6 m 561.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 656.6 m 333.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 656.6 m 409.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 656.6 m 485.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 656.6 m 561.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 626.6 m 333.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 626.6 m 409.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 626.6 m 485.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 626.6 m 561.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 581.6 m 333.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 581.6 m 409.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 581.6 m 485.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 581.6 m 561.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 551.6 m 333.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 537.6 m 333.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 535.6 m 333.5 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 551.6 m 409.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 537.6 m 409.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 535.6 m 409.5 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 551.6 m 485.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 537.6 m 485.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 535.6 m 485.5 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 551.6 m 561.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 537.6 m 561.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 535.6 m 561.5 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 507.6 m 333.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 505.6 m 333.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 507.6 m 409.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 505.6 m 409.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 507.6 m 485.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 505.6 m 485.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 507.6 m 561.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 505.6 m 561.5 505.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.55 721.28 Td (Dollar variance for the three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.25 706.28 Td (March 31, 2016 versus 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 691.28 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.40 691.28 Td (NAPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.40 691.28 Td (CAPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.25 691.28 Td (Corporate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.40 691.28 Td (Consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 676.27 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 676.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.80 676.32 Td (\(7,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 676.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 676.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 676.32 Td (\(6,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 676.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 676.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 676.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 676.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 676.32 Td (\(14,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 676.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 661.27 Td (Cost of sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 661.27 Td (15,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 661.27 Td (17,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 661.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 661.27 Td (33,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 646.27 Td (Gross margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 646.27 Td (7,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 646.27 Td (10,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 646.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 646.27 Td (18,247) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 631.27 Td (Corporate and administrative expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 631.27 Td (698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.30 631.32 Td (\(30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 631.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 631.27 Td (364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 631.27 Td (1,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 616.27 Td (Loss from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 616.27 Td (8,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 616.27 Td (10,448) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 616.27 Td (364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 616.27 Td (19,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 601.27 Td (Net finance \(expense\) income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 601.27 Td (301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 601.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 601.32 Td (\(2,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 601.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 601.32 Td (\(1,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 601.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 586.27 Td (Other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.30 586.32 Td (\(331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 586.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.30 586.32 Td (\(17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 586.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 586.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 586.32 Td (\(348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 586.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 571.27 Td (Loss before tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 571.27 Td (8,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 571.27 Td (10,436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 571.32 Td (\(1,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 571.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 571.27 Td (17,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 556.27 Td (Income tax expense \(recovery\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 556.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 556.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 556.32 Td (\(264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 556.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 556.32 Td (\(264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 556.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 541.27 Td (Net and comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 541.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 541.27 Td (8,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 541.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 541.27 Td (10,436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 541.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 541.32 Td (\(1,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 541.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 541.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 541.27 Td (17,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 511.27 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 127.27 515.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.00 511.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.30 511.32 Td (\(609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 511.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 511.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 511.27 Td (607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 511.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 511.27 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 511.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 511.27 Td (29) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 487.63 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.58 483.10 Td ( ) Tj ET Q q 0 0 0 rg BT 59.90 483.10 Td (This ) Tj ET Q q 0 0 0 rg BT 80.18 483.10 Td (is ) Tj ET Q q 0 0 0 rg BT 89.35 483.10 Td (a ) Tj ET Q q 0 0 0 rg BT 96.28 483.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 141.47 483.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.97 483.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 181.45 483.10 Td (measure. ) Tj ET Q q 0 0 0 rg BT 219.77 483.10 Td ( ) Tj ET Q q 0 0 0 rg BT 222.27 483.10 Td (See ) Tj ET Q q 0 0 0 rg BT 239.20 483.10 Td ("Non-GAAP) Tj ET Q q 0 0 0 rg BT 290.69 483.10 Td ( ) Tj ET Q q 0 0 0 rg BT 293.19 483.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 332.90 483.10 Td (Measures" ) Tj ET Q q 0 0 0 rg BT 377.81 483.10 Td (below) Tj ET Q q 0 0 0 rg BT 401.60 483.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 459.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 96.39 459.10 Td (Segments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 435.10 Td (Corsa's ) Tj ET Q q 0 0 0 rg BT 81.41 435.10 Td (three ) Tj ET Q q 0 0 0 rg BT 103.78 435.10 Td (distinct ) Tj ET Q q 0 0 0 rg BT 135.61 435.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 175.76 435.10 Td (segments ) Tj ET Q q 0 0 0 rg BT 215.36 435.10 Td (are ) Tj ET Q q 0 0 0 rg BT 229.95 435.10 Td (NAPP) Tj ET Q q 0 0 0 rg BT 254.41 435.10 Td (, ) Tj ET Q q 0 0 0 rg BT 259.29 435.10 Td (CAPP) Tj ET Q q 0 0 0 rg BT 283.94 435.10 Td ( ) Tj ET Q q 0 0 0 rg BT 286.32 435.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.15 435.10 Td (Corporate. ) Tj ET Q q 0 0 0 rg BT 348.02 435.10 Td ( ) Tj ET Q q 0 0 0 rg BT 350.23 435.10 Td (The ) Tj ET Q q 0 0 0 rg BT 368.16 435.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 405.53 435.10 Td (results ) Tj ET Q q 0 0 0 rg BT 434.02 435.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.74 435.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.34 435.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 499.49 435.10 Td (segments ) Tj ET Q q 0 0 0 rg BT 539.09 435.10 Td (are ) Tj ET Q q 0 0 0 rg BT 553.68 435.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.10 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 397.7669921875 m 75.380859375 397.7669921875 l s q 0 0 0 rg BT 50.00 399.10 Td (NAPP) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 375.10 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.10 Td (Revenue, ) Tj ET Q q 0 0 0 rg BT 90.09 351.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 133.25 351.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.19 351.10 Td (metallur) Tj ET Q q 0 0 0 rg BT 177.33 351.10 Td (gical ) Tj ET Q q 0 0 0 rg BT 199.37 351.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 218.63 351.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 243.18 351.10 Td (thermal ) Tj ET Q q 0 0 0 rg BT 276.33 351.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 295.59 351.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 317.63 351.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.68 351.10 Td (tolling ) Tj ET Q q 0 0 0 rg BT 363.40 351.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.44 351.10 Td (other ) Tj ET Q q 0 0 0 rg BT 403.60 351.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 440.35 351.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 482.37 351.10 Td (by ) Tj ET Q q 0 0 0 rg BT 494.97 351.10 Td ($7,771,000 ) Tj ET Q q 0 0 0 rg BT 542.58 351.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.10 Td (First ) Tj ET Q q 0 0 0 rg BT 70.84 339.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 103.88 339.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 126.38 339.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.66 339.10 Td (First ) Tj ET Q q 0 0 0 rg BT 157.50 339.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 190.53 339.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 213.03 339.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.97 339.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 269.69 339.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.52 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.23 339.10 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 86.00 283.60 263.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 283.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.00 283.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 283.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 283.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 283.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 283.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 86.00 253.60 263.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 253.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.00 253.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 253.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 253.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 253.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 253.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 86.00 223.60 263.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 223.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.00 223.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 223.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 223.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 223.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 223.60 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 298.6 m 405 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 298.6 m 410 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 298.6 m 465 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465 298.6 m 470 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 298.6 m 525 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 283.6 m 405 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 283.6 m 465 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 283.6 m 525 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 283.6 m 405 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 223.60000000000002 m 405 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 209.60000000000002 m 405 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 207.60000000000002 m 405 207.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 223.60000000000002 m 465 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 209.60000000000002 m 465 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 207.60000000000002 m 465 207.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 223.60000000000002 m 525 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 209.60000000000002 m 525 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 207.60000000000002 m 525 207.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.00 318.28 Td (For the three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.15 303.28 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.50 288.28 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.00 288.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 288.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.00 288.28 Td (Variance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 273.27 Td (Metallurgical coal revenue \(at preparation plant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.50 273.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 273.27 Td (7,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 273.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 273.27 Td (13,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 273.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.30 273.32 Td (\(6,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 273.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 258.27 Td (Thermal coal revenue \(at preparation plant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 258.27 Td (1,585) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 258.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 258.27 Td (1,585) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 243.27 Td (Transportation revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 243.27 Td (1,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 243.27 Td (1,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.80 243.32 Td (\(541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 243.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 228.27 Td (Tolling revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 228.27 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 228.27 Td (2,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.30 228.32 Td (\(2,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 228.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.50 213.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 213.27 Td (10,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 213.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 213.27 Td (17,976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 213.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.30 213.32 Td (\(7,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 213.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (Metallur) Tj ET Q q 0 0 0 rg BT 84.25 185.10 Td (gical ) Tj ET Q q 0 0 0 rg BT 107.20 185.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 127.36 185.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 165.02 185.10 Td (net ) Tj ET Q q 0 0 0 rg BT 180.75 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.59 185.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 251.64 185.10 Td (char) Tj ET Q q 0 0 0 rg BT 268.67 185.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 285.51 185.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 328.43 185.10 Td ($6,548,000 ) Tj ET Q q 0 0 0 rg BT 376.94 185.10 Td (as ) Tj ET Q q 0 0 0 rg BT 388.78 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 396.73 185.10 Td (result ) Tj ET Q q 0 0 0 rg BT 422.46 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.30 185.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 477.23 185.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 500.18 185.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 537.57 185.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 92.22 173.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 126.66 173.10 Td (by ) Tj ET Q q 0 0 0 rg BT 139.46 173.10 Td ($4,550,000 ) Tj ET Q q 0 0 0 rg BT 187.27 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.51 173.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 230.08 173.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 252.32 173.10 Td (price ) Tj ET Q q 0 0 0 rg BT 275.10 173.10 Td (per ) Tj ET Q q 0 0 0 rg BT 290.67 173.10 Td (ton ) Tj ET Q q 0 0 0 rg BT 306.25 173.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 325.73 173.10 Td (with ) Tj ET Q q 0 0 0 rg BT 346.31 173.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 388.52 173.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 422.97 173.10 Td (by ) Tj ET Q q 0 0 0 rg BT 435.77 173.10 Td ($1,998,000. ) Tj ET Q q 0 0 0 rg BT 486.07 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.88 173.10 Td (Metallur) Tj ET Q q 0 0 0 rg BT 523.13 173.10 Td (gical ) Tj ET Q q 0 0 0 rg BT 545.36 173.10 Td (coal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 67.94 161.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 108.63 161.10 Td (52,000 ) Tj ET Q q 0 0 0 rg BT 137.40 161.10 Td (tons ) Tj ET Q q 0 0 0 rg BT 155.34 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 164.39 161.10 Td (First ) Tj ET Q q 0 0 0 rg BT 184.00 161.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 215.81 161.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 237.08 161.10 Td (as ) Tj ET Q q 0 0 0 rg BT 246.68 161.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 287.37 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.42 161.10 Td (First ) Tj ET Q q 0 0 0 rg BT 316.03 161.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 347.84 161.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 369.11 161.10 Td (due ) Tj ET Q q 0 0 0 rg BT 384.82 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.87 161.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 434.56 161.10 Td (market ) Tj ET Q q 0 0 0 rg BT 463.59 161.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 496.52 161.10 Td (for ) Tj ET Q q 0 0 0 rg BT 509.45 161.10 Td (metallur) Tj ET Q q 0 0 0 rg BT 542.59 161.10 Td (gical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.10 Td (coal. ) Tj ET Q q 0 0 0 rg BT 71.66 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.16 149.10 Td (Realized ) Tj ET Q q 0 0 0 rg BT 111.64 149.10 Td (price ) Tj ET Q q 0 0 0 rg BT 134.12 149.10 Td (per ) Tj ET Q q 0 0 0 rg BT 149.39 149.10 Td (ton ) Tj ET Q q 0 0 0 rg BT 164.67 149.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 183.84 149.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 225.75 149.10 Td ($18.68 ) Tj ET Q q 0 0 0 rg BT 255.75 149.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 295.46 149.10 Td (due ) Tj ET Q q 0 0 0 rg BT 312.40 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.68 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.40 149.10 Td (global ) Tj ET Q q 0 0 0 rg BT 364.89 149.10 Td (oversupply ) Tj ET Q q 0 0 0 rg BT 411.83 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.66 149.10 Td (metallur) Tj ET Q q 0 0 0 rg BT 455.80 149.10 Td (gical ) Tj ET Q q 0 0 0 rg BT 477.73 149.10 Td (coal.) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 132.03 514.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 125.10 Td (Thermal ) Tj ET Q q 0 0 0 rg BT 86.15 125.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 105.08 125.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 141.50 125.10 Td (net ) Tj ET Q q 0 0 0 rg BT 155.99 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.59 125.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 224.41 125.10 Td (char) Tj ET Q q 0 0 0 rg BT 241.43 125.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 257.04 125.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 297.07 125.10 Td ($1,585,000 ) Tj ET Q q 0 0 0 rg BT 344.34 125.10 Td (as ) Tj ET Q q 0 0 0 rg BT 354.95 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 361.66 125.10 Td (result ) Tj ET Q q 0 0 0 rg BT 386.15 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.75 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 403.47 125.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 445.18 125.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 479.65 125.10 Td (that ) Tj ET Q q 0 0 0 rg BT 496.92 125.10 Td (was ) Tj ET Q q 0 0 0 rg BT 514.75 125.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 546.45 125.10 Td (into ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 120.03 97.19 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 113.10 Td (after ) Tj ET Q q 0 0 0 rg BT 70.82 113.10 Td (First ) Tj ET Q q 0 0 0 rg BT 91.66 113.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 124.69 113.10 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 96.03 514.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 89.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 86.96 89.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 130.02 89.10 Td (with ) Tj ET Q q 0 0 0 rg BT 149.77 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.96 89.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 221.47 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.78 89.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 250.40 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.15 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.34 89.10 Td (loading ) Tj ET Q q 0 0 0 rg BT 306.31 89.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 341.60 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 351.90 89.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 390.53 89.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 431.92 89.10 Td ($541,000 ) Tj ET Q q 0 0 0 rg BT 471.39 89.10 Td (as ) Tj ET Q q 0 0 0 rg BT 481.69 89.10 Td (a ) Tj ET Q q 0 0 0 rg BT 488.10 89.10 Td (result ) Tj ET Q q 0 0 0 rg BT 512.29 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.59 89.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 84.03 428.55 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 77.10 Td (export ) Tj ET Q q 0 0 0 rg BT 78.05 77.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 99.99 77.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 135.81 77.10 Td (of) Tj ET Q q 0 0 0 rg BT 143.96 77.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 160.89 77.10 Td (by ) Tj ET Q q 0 0 0 rg BT 173.39 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.11 77.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 223.36 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.64 77.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 291.68 77.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 325.83 77.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 369.42 77.10 Td (with ) Tj ET Q q 0 0 0 rg BT 389.70 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.42 77.10 Td (thermal ) Tj ET Q q 0 0 0 rg BT 437.46 77.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 456.62 77.10 Td (sales.) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 60.03 509.43 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 53.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 53.10 Td (olling ) Tj ET Q q 0 0 0 rg BT 81.25 53.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 115.39 53.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 157.30 53.10 Td ($2,267,000 ) Tj ET Q q 0 0 0 rg BT 204.80 53.10 Td (as ) Tj ET Q q 0 0 0 rg BT 215.63 53.10 Td (a ) Tj ET Q q 0 0 0 rg BT 222.57 53.10 Td (result ) Tj ET Q q 0 0 0 rg BT 247.29 53.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.12 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.84 53.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 314.22 53.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 359.49 53.10 Td (less ) Tj ET Q q 0 0 0 rg BT 376.99 53.10 Td (third ) Tj ET Q q 0 0 0 rg BT 398.38 53.10 Td (party ) Tj ET Q q 0 0 0 rg BT 421.43 53.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 440.58 53.10 Td (through ) Tj ET Q q 0 0 0 rg BT 474.19 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.91 53.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 536.94 53.10 Td (plant.) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 70.84 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.12 730.10 Td (sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 70.84 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.67 706.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 103.61 706.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 137.78 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.61 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.33 706.10 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 665.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 665.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 665.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 665.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 665.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 665.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 665.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 635.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 635.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 635.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 635.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 635.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 635.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 635.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 605.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 605.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 605.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 605.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 605.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 605.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 605.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 575.60 249.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 575.60 11.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 575.60 73.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 575.60 11.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 575.60 73.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 575.60 11.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 575.60 74.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 535.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 535.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 535.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 535.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 535.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 535.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 535.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 505.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 505.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 505.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 505.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 505.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 505.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 505.60 74.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 680.6 m 387.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 680.6 m 398.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 680.6 m 471.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 680.6 m 482.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 680.6 m 556.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 665.6 m 387.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 665.6 m 471.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 665.6 m 556.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 505.6 m 387.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 491.6 m 387.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 489.6 m 387.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 505.6 m 471.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 491.6 m 471.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 489.6 m 471.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 505.6 m 556.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 491.6 m 556.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 489.6 m 556.5 489.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.90 685.28 Td (For the three months ended March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 670.28 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.50 670.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.50 670.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 670.28 Td (Variance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 655.27 Td (Mining and processing costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 655.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 655.27 Td (7,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 655.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 655.27 Td (12,061) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 655.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 655.32 Td (\(4,216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 655.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 640.27 Td (Purchased coal costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 640.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 640.27 Td (291) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 640.32 Td (\(291) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 640.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 625.27 Td (Royalty expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 625.27 Td (474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 625.27 Td (1,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 625.32 Td (\(879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 625.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 610.27 Td (Amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 610.27 Td (3,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 610.27 Td (6,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 610.32 Td (\(2,992) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 610.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 595.27 Td (Transportation costs from preparation plant to customer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 595.27 Td (1,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 595.27 Td (1,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 595.32 Td (\(541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 595.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 580.27 Td (Idle mine expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 580.27 Td (269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 580.27 Td (999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 580.32 Td (\(730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 580.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 565.27 Td (Change in estimate of reclamation provision for non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 555.27 Td (operating properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 555.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 555.27 Td (1,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 555.32 Td (\(1,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 555.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 540.27 Td (Impairment and write-off of mineral properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 540.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 540.27 Td (3,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 540.32 Td (\(3,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 540.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 525.27 Td (Write-off of advance royalties and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 525.27 Td (126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 525.27 Td (826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 525.32 Td (\(700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 525.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 510.27 Td (Other costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 510.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 510.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 510.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 495.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 495.27 Td (13,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 495.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 495.27 Td (29,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 495.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 495.32 Td (\(15,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 495.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td (Mining ) Tj ET Q q 0 0 0 rg BT 82.68 467.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.36 467.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 146.36 467.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 169.60 467.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 212.25 467.10 Td (by ) Tj ET Q q 0 0 0 rg BT 225.49 467.10 Td ($4,216,000 ) Tj ET Q q 0 0 0 rg BT 273.72 467.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 314.17 467.10 Td (due ) Tj ET Q q 0 0 0 rg BT 331.85 467.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.86 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.31 467.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 377.66 467.10 Td (containment ) Tj ET Q q 0 0 0 rg BT 430.32 467.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 473.00 467.10 Td (that ) Tj ET Q q 0 0 0 rg BT 491.23 467.10 Td (were ) Tj ET Q q 0 0 0 rg BT 513.90 467.10 Td (put ) Tj ET Q q 0 0 0 rg BT 529.91 467.10 Td (in ) Tj ET Q q 0 0 0 rg BT 540.92 467.10 Td (place ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (during ) Tj ET Q q 0 0 0 rg BT 78.33 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.76 455.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 114.98 455.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 151.06 455.10 Td (year ) Tj ET Q q 0 0 0 rg BT 170.49 455.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 207.70 455.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.70 455.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 262.13 455.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 306.00 455.10 Td (in ) Tj ET Q q 0 0 0 rg BT 316.00 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.43 455.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 348.76 455.10 Td (per ) Tj ET Q q 0 0 0 rg BT 363.74 455.10 Td (ton ) Tj ET Q q 0 0 0 rg BT 378.74 455.10 Td (sold. ) Tj ET Q q 0 0 0 rg BT 400.13 455.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.35 455.10 Td (Royalty ) Tj ET Q q 0 0 0 rg BT 436.23 455.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 470.66 455.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 512.29 455.10 Td (by ) Tj ET Q q 0 0 0 rg BT 524.51 455.10 Td ($879,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (due ) Tj ET Q q 0 0 0 rg BT 67.12 443.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.58 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.47 443.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 129.57 443.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.02 443.10 Td (average ) Tj ET Q q 0 0 0 rg BT 173.79 443.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 195.91 443.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 222.46 443.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.47 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.37 443.10 Td (tons ) Tj ET Q q 0 0 0 rg BT 267.72 443.10 Td (sold. ) Tj ET Q q 0 0 0 rg BT 288.98 443.10 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 344.98 443.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 379.86 443.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 421.96 443.10 Td (by ) Tj ET Q q 0 0 0 rg BT 434.64 443.10 Td ($2,992,000 ) Tj ET Q q 0 0 0 rg BT 482.32 443.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 522.21 443.10 Td (due ) Tj ET Q q 0 0 0 rg BT 539.33 443.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.78 443.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 79.66 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.44 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.10 431.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 153.65 431.10 Td (char) Tj ET Q q 0 0 0 rg BT 170.68 431.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 186.46 431.10 Td (that ) Tj ET Q q 0 0 0 rg BT 203.90 431.10 Td (were ) Tj ET Q q 0 0 0 rg BT 225.78 431.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 263.20 431.10 Td (during ) Tj ET Q q 0 0 0 rg BT 291.76 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.43 431.10 Td (three ) Tj ET Q q 0 0 0 rg BT 328.86 431.10 Td (months ) Tj ET Q q 0 0 0 rg BT 360.76 431.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 387.08 431.10 Td (December ) Tj ET Q q 0 0 0 rg BT 430.62 431.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 445.56 431.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 468.01 431.10 Td (which ) Tj ET Q q 0 0 0 rg BT 494.90 431.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 529.00 431.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.23 431.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 102.61 419.10 Td (char) Tj ET Q q 0 0 0 rg BT 119.64 419.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 135.04 419.10 Td (prospectively) Tj ET Q q 0 0 0 rg BT 188.27 419.10 Td (. ) Tj ET Q q 0 0 0 rg BT 192.69 419.10 Td (T) Tj ET Q q 0 0 0 rg BT 198.45 419.10 Td (ransportation ) Tj ET Q q 0 0 0 rg BT 253.29 419.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 275.36 419.10 Td (from ) Tj ET Q q 0 0 0 rg BT 296.88 419.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 344.48 419.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 366.55 419.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.41 419.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 415.14 419.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 456.63 419.10 Td (by ) Tj ET Q q 0 0 0 rg BT 468.70 419.10 Td ($541,000 ) Tj ET Q q 0 0 0 rg BT 508.28 419.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 547.56 419.10 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.38 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.19 407.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 112.20 407.10 Td (in ) Tj ET Q q 0 0 0 rg BT 122.57 407.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 141.83 407.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 161.09 407.10 Td (on ) Tj ET Q q 0 0 0 rg BT 173.69 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.50 407.10 Td (export ) Tj ET Q q 0 0 0 rg BT 216.65 407.10 Td (market ) Tj ET Q q 0 0 0 rg BT 247.01 407.10 Td (in ) Tj ET Q q 0 0 0 rg BT 257.38 407.10 Td (which ) Tj ET Q q 0 0 0 rg BT 284.42 407.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 310.34 407.10 Td (is ) Tj ET Q q 0 0 0 rg BT 319.61 407.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 359.42 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.79 407.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 402.94 407.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 461.08 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.45 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.26 407.10 Td (vessel ) Tj ET Q q 0 0 0 rg BT 513.30 407.10 Td (loading ) Tj ET Q q 0 0 0 rg BT 545.89 407.10 Td (port ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 86.20 395.10 Td (of) Tj ET Q q 0 0 0 rg BT 94.35 395.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 111.66 395.10 Td (by ) Tj ET Q q 0 0 0 rg BT 124.54 395.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 165.17 395.10 Td (thermal ) Tj ET Q q 0 0 0 rg BT 198.59 395.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 218.12 395.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 276.54 395.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 299.42 395.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.08 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.17 395.10 Td (customer) Tj ET Q q 0 0 0 rg BT 361.27 395.10 Td (. ) Tj ET Q q 0 0 0 rg BT 366.65 395.10 Td (Idle ) Tj ET Q q 0 0 0 rg BT 385.08 395.10 Td (mine ) Tj ET Q q 0 0 0 rg BT 407.95 395.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 443.03 395.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 485.32 395.10 Td (by ) Tj ET Q q 0 0 0 rg BT 498.20 395.10 Td ($730,000 ) Tj ET Q q 0 0 0 rg BT 538.58 395.10 Td (as ) Tj ET Q q 0 0 0 rg BT 549.79 395.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.10 Td (result ) Tj ET Q q 0 0 0 rg BT 75.05 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 86.21 383.10 Td (sealing ) Tj ET Q q 0 0 0 rg BT 117.37 383.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 147.40 383.10 Td (mines ) Tj ET Q q 0 0 0 rg BT 174.12 383.10 Td (which ) Tj ET Q q 0 0 0 rg BT 201.39 383.10 Td (lowered ) Tj ET Q q 0 0 0 rg BT 236.43 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.48 383.10 Td (on-going ) Tj ET Q q 0 0 0 rg BT 290.42 383.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 326.57 383.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 351.69 383.10 Td (The ) Tj ET Q q 0 0 0 rg BT 370.07 383.10 Td (change ) Tj ET Q q 0 0 0 rg BT 401.22 383.10 Td (in ) Tj ET Q q 0 0 0 rg BT 411.83 383.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 447.98 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.15 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.19 383.10 Td (reclamation ) Tj ET Q q 0 0 0 rg BT 524.22 383.10 Td (provision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.66 371.10 Td (non-operating ) Tj ET Q q 0 0 0 rg BT 123.75 371.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 166.73 371.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 209.15 371.10 Td ($1,753,000 ) Tj ET Q q 0 0 0 rg BT 257.14 371.10 Td (due ) Tj ET Q q 0 0 0 rg BT 274.58 371.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.36 371.10 Td (various ) Tj ET Q q 0 0 0 rg BT 317.79 371.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 353.00 371.10 Td (in ) Tj ET Q q 0 0 0 rg BT 363.77 371.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 416.22 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 433.66 371.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 470.54 371.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 494.92 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.92 371.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 547.56 371.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.10 Td (write-of) Tj ET Q q 0 0 0 rg BT 82.03 359.10 Td (f ) Tj ET Q q 0 0 0 rg BT 88.01 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.98 359.10 Td (mineral ) Tj ET Q q 0 0 0 rg BT 132.18 359.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 174.81 359.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 216.87 359.10 Td (by ) Tj ET Q q 0 0 0 rg BT 229.52 359.10 Td ($3,438,000 ) Tj ET Q q 0 0 0 rg BT 277.17 359.10 Td (due ) Tj ET Q q 0 0 0 rg BT 294.26 359.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.69 359.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 357.32 359.10 Td (which ) Tj ET Q q 0 0 0 rg BT 384.41 359.10 Td (were ) Tj ET Q q 0 0 0 rg BT 406.49 359.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 444.11 359.10 Td (in ) Tj ET Q q 0 0 0 rg BT 454.54 359.10 Td (First ) Tj ET Q q 0 0 0 rg BT 475.53 359.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 508.72 359.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 533.86 359.10 Td ( ) Tj ET Q q 0 0 0 rg BT 536.32 359.10 Td (W) Tj ET Q q 0 0 0 rg BT 545.36 359.10 Td (rite-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 347.10 Td (f ) Tj ET Q q 0 0 0 rg BT 63.53 347.10 Td (of ) Tj ET Q q 0 0 0 rg BT 73.91 347.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 108.71 347.10 Td (royalties ) Tj ET Q q 0 0 0 rg BT 145.20 347.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 186.66 347.10 Td (by ) Tj ET Q q 0 0 0 rg BT 198.71 347.10 Td ($700,000 ) Tj ET Q q 0 0 0 rg BT 238.26 347.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 277.52 347.10 Td (due ) Tj ET Q q 0 0 0 rg BT 294.01 347.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.84 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.10 347.10 Td (write-of) Tj ET Q q 0 0 0 rg BT 350.13 347.10 Td (f ) Tj ET Q q 0 0 0 rg BT 355.51 347.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.89 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.16 347.10 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 412.19 347.10 Td (royalties ) Tj ET Q q 0 0 0 rg BT 448.68 347.10 Td (on ) Tj ET Q q 0 0 0 rg BT 460.73 347.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 505.53 347.10 Td (mineral ) Tj ET Q q 0 0 0 rg BT 538.13 347.10 Td (leases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 335.10 Td (both ) Tj ET Q q 0 0 0 rg BT 80.56 335.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 112.50 335.10 Td (presented, ) Tj ET Q q 0 0 0 rg BT 155.81 335.10 Td (none ) Tj ET Q q 0 0 0 rg BT 177.75 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.58 335.10 Td (which ) Tj ET Q q 0 0 0 rg BT 215.52 335.10 Td (were ) Tj ET Q q 0 0 0 rg BT 237.45 335.10 Td (material ) Tj ET Q q 0 0 0 rg BT 272.71 335.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.98 335.10 Td (current ) Tj ET Q q 0 0 0 rg BT 313.80 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.74 335.10 Td (future ) Tj ET Q q 0 0 0 rg BT 357.11 335.10 Td (mining ) Tj ET Q q 0 0 0 rg BT 387.95 335.10 Td (operations. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 94.17 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.67 311.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 171.94 311.10 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 92.49 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.42 287.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 169.13 287.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 203.84 287.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 238.01 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.84 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.55 287.10 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 234.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 234.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 234.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 234.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 234.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 234.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 234.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 204.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 204.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 204.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 204.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 204.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 204.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 204.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 174.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 174.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 174.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 174.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 174.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 174.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 174.60 74.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 249.60000000000002 m 387.5 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 249.60000000000002 m 398.5 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 249.60000000000002 m 471.5 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 249.60000000000002 m 482.5 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 249.60000000000002 m 556.5 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 234.60000000000002 m 387.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 234.60000000000002 m 471.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 234.60000000000002 m 556.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 174.60000000000002 m 387.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 160.60000000000002 m 387.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 158.60000000000002 m 387.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 174.60000000000002 m 471.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 160.60000000000002 m 471.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 158.60000000000002 m 471.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 174.60000000000002 m 556.5 174.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 160.60000000000002 m 556.5 160.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 158.60000000000002 m 556.5 158.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.90 254.28 Td (For the three months ended March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 239.28 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.50 239.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.50 239.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 239.28 Td (Variance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 224.27 Td (Salaries and other compensations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 224.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 224.27 Td (818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 224.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 224.27 Td (1,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 224.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 224.32 Td (\(528) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 224.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 209.27 Td (Professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 209.27 Td (160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.30 209.32 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 209.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 209.27 Td (173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 194.27 Td (Office expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 194.27 Td (137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 194.27 Td (360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 194.32 Td (\(223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 194.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 179.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 179.27 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 179.27 Td (183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 179.32 Td (\(120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 179.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 164.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 164.27 Td (1,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 164.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 164.27 Td (1,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 164.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 164.32 Td (\(698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 164.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 93.43 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.32 136.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 171.98 136.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 207.63 136.10 Td (related ) Tj ET Q q 0 0 0 rg BT 238.28 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.51 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.18 136.10 Td (NAPP) Tj ET Q q 0 0 0 rg BT 290.37 136.10 Td ( ) Tj ET Q q 0 0 0 rg BT 293.82 136.10 Td (Division ) Tj ET Q q 0 0 0 rg BT 331.72 136.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 374.58 136.10 Td (by ) Tj ET Q q 0 0 0 rg BT 388.03 136.10 Td ($698,000 ) Tj ET Q q 0 0 0 rg BT 428.98 136.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 469.64 136.10 Td (due ) Tj ET Q q 0 0 0 rg BT 487.53 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.75 136.10 Td (various ) Tj ET Q q 0 0 0 rg BT 531.64 136.10 Td (staf) Tj ET Q q 0 0 0 rg BT 545.90 136.10 Td (fing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 94.16 124.10 Td (that ) Tj ET Q q 0 0 0 rg BT 111.65 124.10 Td (took ) Tj ET Q q 0 0 0 rg BT 131.93 124.10 Td (place ) Tj ET Q q 0 0 0 rg BT 155.52 124.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 202.46 124.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.74 124.10 Td (First ) Tj ET Q q 0 0 0 rg BT 233.58 124.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 266.62 124.10 Td (2015.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 87.50 100.10 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 87.98 76.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 124.09 76.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.96 76.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 167.24 76.10 Td (by ) Tj ET Q q 0 0 0 rg BT 179.11 76.10 Td ($609,000 ) Tj ET Q q 0 0 0 rg BT 218.48 76.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.12 76.10 Td (First ) Tj ET Q q 0 0 0 rg BT 248.33 76.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 280.74 76.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 302.61 76.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 343.90 76.10 Td (to ) Tj ET Q q 0 0 0 rg BT 353.55 76.10 Td (First ) Tj ET Q q 0 0 0 rg BT 373.76 76.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 406.16 76.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 430.53 76.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.99 76.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 469.97 76.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 506.08 76.10 Td ( ) Tj ET Q q 0 0 0 rg BT 507.94 76.10 Td (was ) Tj ET Q q 0 0 0 rg BT 525.37 76.10 Td (impacted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.21 64.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 105.52 64.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 138.26 64.10 Td (geologic ) Tj ET Q q 0 0 0 rg BT 174.91 64.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 218.78 64.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.77 64.10 Td (January ) Tj ET Q q 0 0 0 rg BT 262.08 64.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 284.29 64.10 Td (which ) Tj ET Q q 0 0 0 rg BT 310.94 64.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 350.91 64.10 Td (mining ) Tj ET Q q 0 0 0 rg BT 381.45 64.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 406.17 64.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.22 64.10 Td (The ) Tj ET Q q 0 0 0 rg BT 425.97 64.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 469.85 64.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 510.39 64.10 Td (by ) Tj ET Q q 0 0 0 rg BT 522.60 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.02 64.10 Td (end ) Tj ET Q q 0 0 0 rg BT 553.67 64.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (January ) Tj ET Q q 0 0 0 rg BT 83.60 52.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 106.10 52.10 Td (when ) Tj ET Q q 0 0 0 rg BT 130.26 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.98 52.10 Td (mining ) Tj ET Q q 0 0 0 rg BT 175.81 52.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 193.87 52.10 Td (advanced ) Tj ET Q q 0 0 0 rg BT 234.12 52.10 Td (into ) Tj ET Q q 0 0 0 rg BT 252.18 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.89 52.10 Td (active ) Tj ET Q q 0 0 0 rg BT 293.27 52.10 Td (panel. ) Tj ET Q q 0 0 0 rg BT 319.92 52.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.42 52.10 Td (See ) Tj ET Q q 0 0 0 rg BT 339.36 52.10 Td ("Non-GAAP) Tj ET Q q 0 0 0 rg BT 390.85 52.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.35 52.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 433.06 52.10 Td (Measures" ) Tj ET Q q 0 0 0 rg BT 477.96 52.10 Td (below) Tj ET Q q 0 0 0 rg BT 501.75 52.10 Td (.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 74.8291015625 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (CAPP) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Revenue, ) Tj ET Q q 0 0 0 rg BT 90.18 694.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 133.42 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.44 694.10 Td (thermal ) Tj ET Q q 0 0 0 rg BT 177.68 694.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 197.02 694.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 221.65 694.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 263.75 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 276.45 694.10 Td ($6,982,000 ) Tj ET Q q 0 0 0 rg BT 324.14 694.10 Td (from ) Tj ET Q q 0 0 0 rg BT 346.26 694.10 Td (First ) Tj ET Q q 0 0 0 rg BT 367.29 694.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 400.52 694.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 423.21 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.68 694.10 Td (First ) Tj ET Q q 0 0 0 rg BT 454.71 694.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 487.94 694.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 510.63 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 521.65 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 528.78 694.10 Td (result ) Tj ET Q q 0 0 0 rg BT 553.69 694.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.11 682.10 Td (decreases ) Tj ET Q q 0 0 0 rg BT 104.31 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 113.99 682.10 Td (tons ) Tj ET Q q 0 0 0 rg BT 132.55 682.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 151.12 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.46 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.13 682.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 210.67 682.10 Td (price ) Tj ET Q q 0 0 0 rg BT 232.55 682.10 Td (per ) Tj ET Q q 0 0 0 rg BT 247.21 682.10 Td (ton ) Tj ET Q q 0 0 0 rg BT 261.89 682.10 Td (sold. ) Tj ET Q q 0 0 0 rg BT 282.95 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.85 682.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 307.85 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.08 682.10 Td (thermal ) Tj ET Q q 0 0 0 rg BT 350.52 682.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 369.07 682.10 Td (were ) Tj ET Q q 0 0 0 rg BT 390.39 682.10 Td (99,000 ) Tj ET Q q 0 0 0 rg BT 419.79 682.10 Td (tons ) Tj ET Q q 0 0 0 rg BT 438.35 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 448.03 682.10 Td (First ) Tj ET Q q 0 0 0 rg BT 468.26 682.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 500.70 682.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 522.59 682.10 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.45 670.10 Td (200,000 ) Tj ET Q q 0 0 0 rg BT 105.62 670.10 Td (tons ) Tj ET Q q 0 0 0 rg BT 124.97 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.42 670.10 Td (First ) Tj ET Q q 0 0 0 rg BT 156.43 670.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 189.64 670.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 214.62 670.10 Td (These ) Tj ET Q q 0 0 0 rg BT 241.17 670.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 283.25 670.10 Td (tons ) Tj ET Q q 0 0 0 rg BT 302.59 670.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 321.94 670.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 356.26 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.72 670.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 392.16 670.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 426.47 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.48 670.10 Td ($6,762,000 ) Tj ET Q q 0 0 0 rg BT 485.15 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.26 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.15 670.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 554.24 670.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (average ) Tj ET Q q 0 0 0 rg BT 83.58 658.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 105.52 658.10 Td (price ) Tj ET Q q 0 0 0 rg BT 128.01 658.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 167.16 658.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 201.30 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 213.80 658.10 Td ($220,000.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 70.84 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.12 634.10 Td (sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 70.84 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.67 610.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 103.61 610.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 137.78 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.61 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.33 610.10 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 557.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 557.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 557.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 557.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 557.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 557.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 557.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 527.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 527.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 527.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 527.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 527.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 527.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 527.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 497.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 497.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 497.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 497.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 497.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 497.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 497.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 457.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 457.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 457.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 457.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 457.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 457.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 457.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 427.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 427.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 427.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 427.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 427.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 427.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 427.60 74.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 572.6 m 387.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 572.6 m 398.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 572.6 m 471.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 572.6 m 482.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 572.6 m 556.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 557.6 m 387.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 557.6 m 471.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 557.6 m 556.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 427.6 m 387.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 413.6 m 387.5 413.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 411.6 m 387.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 427.6 m 471.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 413.6 m 471.5 413.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 411.6 m 471.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 427.6 m 556.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 413.6 m 556.5 413.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 411.6 m 556.5 411.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.90 577.28 Td (For the three months ended March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 562.28 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.50 562.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.50 562.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 562.28 Td (Variance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 547.27 Td (Mining and processing costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 547.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 547.27 Td (3,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 547.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 547.27 Td (10,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 547.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 547.32 Td (\(6,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 547.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 532.27 Td (Purchased coal costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 532.27 Td (302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 532.27 Td (797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 532.32 Td (\(495) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 532.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 517.27 Td (Royalty expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 517.27 Td (936) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 517.27 Td (1,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 517.32 Td (\(120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 517.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 502.27 Td (Amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 502.27 Td (832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 502.27 Td (1,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 502.32 Td (\(969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 502.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 487.27 Td (Idle mine expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 487.27 Td (309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 487.27 Td (278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 487.27 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 472.27 Td (Change in estimate of reclamation provision for non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 462.27 Td (operating properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 462.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.30 462.32 Td (\(65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 462.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 462.27 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 447.27 Td (Impairment and write-off of mineral properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 447.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 447.27 Td (9,052) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 447.32 Td (\(9,052) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 447.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 432.27 Td (Other costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 432.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 432.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 432.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 417.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 417.27 Td (5,997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 417.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 417.27 Td (23,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 417.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 417.32 Td (\(17,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 417.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.10 Td (Mining ) Tj ET Q q 0 0 0 rg BT 81.76 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.50 389.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 143.58 389.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 165.89 389.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 207.61 389.10 Td (by ) Tj ET Q q 0 0 0 rg BT 219.92 389.10 Td ($6,920,000 ) Tj ET Q q 0 0 0 rg BT 267.23 389.10 Td (due ) Tj ET Q q 0 0 0 rg BT 283.98 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.06 389.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 319.14 389.10 Td (tons ) Tj ET Q q 0 0 0 rg BT 338.12 389.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 357.10 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.84 389.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 392.26 389.10 Td (containment ) Tj ET Q q 0 0 0 rg BT 444.00 389.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 485.75 389.10 Td (implemented ) Tj ET Q q 0 0 0 rg BT 540.26 389.10 Td (at ) Tj ET Q q 0 0 0 rg BT 549.79 389.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.10 Td (CAPP) Tj ET Q q 0 0 0 rg BT 74.64 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.66 377.10 Td (Division. ) Tj ET Q q 0 0 0 rg BT 117.62 377.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 156.73 377.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 176.40 377.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 199.41 377.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 241.84 377.10 Td (by ) Tj ET Q q 0 0 0 rg BT 254.85 377.10 Td ($495,000 ) Tj ET Q q 0 0 0 rg BT 295.36 377.10 Td (as ) Tj ET Q q 0 0 0 rg BT 306.70 377.10 Td (fewer ) Tj ET Q q 0 0 0 rg BT 332.48 377.10 Td (tons ) Tj ET Q q 0 0 0 rg BT 352.16 377.10 Td (were ) Tj ET Q q 0 0 0 rg BT 374.60 377.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 418.15 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.94 377.10 Td (First ) Tj ET Q q 0 0 0 rg BT 450.29 377.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 483.84 377.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 508.69 377.10 Td (Amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 83.95 365.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 125.12 365.10 Td (by ) Tj ET Q q 0 0 0 rg BT 136.86 365.10 Td ($969,000 ) Tj ET Q q 0 0 0 rg BT 176.11 365.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 215.07 365.10 Td (due ) Tj ET Q q 0 0 0 rg BT 231.25 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.78 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.74 365.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 283.70 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.78 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.74 365.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 355.59 365.10 Td (char) Tj ET Q q 0 0 0 rg BT 372.62 365.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 387.69 365.10 Td (that ) Tj ET Q q 0 0 0 rg BT 404.43 365.10 Td (were ) Tj ET Q q 0 0 0 rg BT 425.61 365.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 462.33 365.10 Td (during ) Tj ET Q q 0 0 0 rg BT 490.19 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.15 365.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 532.55 365.10 Td (months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 77.61 353.10 Td (December ) Tj ET Q q 0 0 0 rg BT 122.42 353.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 138.66 353.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 162.39 353.10 Td (which ) Tj ET Q q 0 0 0 rg BT 190.56 353.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 225.95 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.46 353.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 263.96 353.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 318.23 353.10 Td (char) Tj ET Q q 0 0 0 rg BT 335.25 353.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 352.31 353.10 Td (prospectively) Tj ET Q q 0 0 0 rg BT 405.54 353.10 Td (. ) Tj ET Q q 0 0 0 rg BT 411.77 353.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 462.15 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.32 353.10 Td (write-of) Tj ET Q q 0 0 0 rg BT 512.35 353.10 Td (f ) Tj ET Q q 0 0 0 rg BT 519.41 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.47 353.10 Td (mineral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 93.02 341.10 Td (was ) Tj ET Q q 0 0 0 rg BT 111.60 341.10 Td ($9,052,000 ) Tj ET Q q 0 0 0 rg BT 159.64 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 170.45 341.10 Td (First ) Tj ET Q q 0 0 0 rg BT 191.82 341.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 225.39 341.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 250.93 341.10 Td (which ) Tj ET Q q 0 0 0 rg BT 278.40 341.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 313.09 341.10 Td (from ) Tj ET Q q 0 0 0 rg BT 335.56 341.10 Td (an ) Tj ET Q q 0 0 0 rg BT 348.03 341.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 383.28 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.65 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.90 341.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 459.56 341.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 492.59 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.96 341.10 Td (CAPP) Tj ET Q q 0 0 0 rg BT 531.75 341.10 Td (s ) Tj ET Q q 0 0 0 rg BT 538.67 341.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.10 Td (following ) Tj ET Q q 0 0 0 rg BT 91.39 329.10 Td (a ) Tj ET Q q 0 0 0 rg BT 98.33 329.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 134.70 329.10 Td (review ) Tj ET Q q 0 0 0 rg BT 164.40 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.23 329.10 Td (CAPP) Tj ET Q q 0 0 0 rg BT 199.88 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 202.38 329.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 246.52 329.10 Td (by ) Tj ET Q q 0 0 0 rg BT 259.02 329.10 Td (management ) Tj ET Q q 0 0 0 rg BT 312.61 329.10 Td (during ) Tj ET Q q 0 0 0 rg BT 341.22 329.10 Td (First ) Tj ET Q q 0 0 0 rg BT 362.06 329.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 395.10 329.10 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 303.7669921875 m 89.9853515625 303.7669921875 l s q 0 0 0 rg BT 50.00 305.10 Td (Corporate) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 281.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 94.17 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.67 281.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 171.94 281.10 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 92.49 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.42 257.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 169.13 257.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 203.84 257.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 238.01 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.84 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.55 257.10 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 204.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 204.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 204.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 204.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 204.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 204.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 204.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 174.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 174.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 174.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 174.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 174.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 174.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 174.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 144.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 144.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 144.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 144.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 144.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 144.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 144.60 74.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 219.60000000000002 m 387.5 219.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 219.60000000000002 m 398.5 219.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 219.60000000000002 m 471.5 219.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 219.60000000000002 m 482.5 219.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 219.60000000000002 m 556.5 219.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 204.60000000000002 m 387.5 204.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 204.60000000000002 m 471.5 204.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 204.60000000000002 m 556.5 204.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 144.60000000000002 m 387.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 130.60000000000002 m 387.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 128.60000000000002 m 387.5 128.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 144.60000000000002 m 471.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 130.60000000000002 m 471.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 128.60000000000002 m 471.5 128.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 144.60000000000002 m 556.5 144.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 130.60000000000002 m 556.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 128.60000000000002 m 556.5 128.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.90 224.28 Td (For the three months ended March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 209.28 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.50 209.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.50 209.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 209.28 Td (Variance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 194.27 Td (Salaries and other compensations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 194.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 194.27 Td (772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 194.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 194.27 Td (1,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 194.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 194.32 Td (\(565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 194.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 179.27 Td (Professional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 179.27 Td (627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 179.27 Td (286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 179.27 Td (341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 164.27 Td (Office expenses and insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 164.27 Td (108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 164.27 Td (211) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 164.32 Td (\(103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 164.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 149.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 149.27 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 149.27 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 149.32 Td (\(37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 149.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 134.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 134.27 Td (1,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 134.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 134.27 Td (1,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 134.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 134.32 Td (\(364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 134.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (Salaries ) Tj ET Q q 0 0 0 rg BT 85.13 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.05 106.10 Td (other ) Tj ET Q q 0 0 0 rg BT 127.08 106.10 Td (compensations ) Tj ET Q q 0 0 0 rg BT 189.99 106.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 232.88 106.10 Td ($565,000 ) Tj ET Q q 0 0 0 rg BT 273.86 106.10 Td (due ) Tj ET Q q 0 0 0 rg BT 291.78 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.04 106.10 Td (a ) Tj ET Q q 0 0 0 rg BT 310.95 106.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 352.20 106.10 Td (in ) Tj ET Q q 0 0 0 rg BT 363.45 106.10 Td (staf) Tj ET Q q 0 0 0 rg BT 377.71 106.10 Td (fing ) Tj ET Q q 0 0 0 rg BT 397.30 106.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 424.10 106.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 468.68 106.10 Td (with ) Tj ET Q q 0 0 0 rg BT 489.93 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.63 106.10 Td (closure ) Tj ET Q q 0 0 0 rg BT 537.99 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 106.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 96.91 94.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 133.67 94.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 173.75 94.10 Td (of) Tj ET Q q 0 0 0 rg BT 181.90 94.10 Td (fice. ) Tj ET Q q 0 0 0 rg BT 201.71 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.04 94.10 Td (Professional ) Tj ET Q q 0 0 0 rg BT 255.80 94.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 274.22 94.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 314.30 94.10 Td ($341,000 ) Tj ET Q q 0 0 0 rg BT 354.13 94.10 Td (due ) Tj ET Q q 0 0 0 rg BT 370.89 94.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 413.21 94.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 434.97 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.73 94.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 466.28 94.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 510.27 94.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 528.69 94.10 Td (incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (during ) Tj ET Q q 0 0 0 rg BT 78.52 82.10 Td (First ) Tj ET Q q 0 0 0 rg BT 99.28 82.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 132.23 82.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 157.14 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.56 82.10 Td (Of) Tj ET Q q 0 0 0 rg BT 169.93 82.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 187.33 82.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 225.84 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.70 82.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 283.43 82.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 325.25 82.10 Td ($103,000 ) Tj ET Q q 0 0 0 rg BT 365.17 82.10 Td (due ) Tj ET Q q 0 0 0 rg BT 382.02 82.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 421.65 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.84 82.10 Td (a ) Tj ET Q q 0 0 0 rg BT 438.69 82.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 478.87 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.06 82.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 529.79 82.10 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (related ) Tj ET Q q 0 0 0 rg BT 79.70 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.98 70.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 118.58 70.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 152.19 70.10 Td (premiums.) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.39 742.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 98.32 742.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 132.47 742.10 Td (\(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.94 718.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 98.86 718.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 133.57 718.10 Td (\(income\) ) Tj ET Q q 0 0 0 rg BT 172.16 718.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 206.33 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.16 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.88 718.10 Td (following: ) Tj ET Q q 0 0 0 rg BT 276.04 718.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 64.00 665.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 665.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 665.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 665.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 665.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 665.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 665.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.00 635.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 635.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 635.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 635.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 635.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 635.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 635.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.00 605.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 605.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 605.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 605.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 605.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 605.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 605.60 73.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 680.6 m 391 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 680.6 m 396 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 680.6 m 469 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469 680.6 m 474 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 680.6 m 547 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 665.6 m 391 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 665.6 m 469 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 665.6 m 547 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 590.6 m 547 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 590.6 m 391 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 576.6 m 391 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 574.6 m 391 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 590.6 m 469 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 576.6 m 469 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 574.6 m 469 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 590.6 m 547 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 576.6 m 547 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 574.6 m 547 574.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.90 685.28 Td (For the three months ended March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.00 670.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.00 670.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.00 670.28 Td (Variance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 655.27 Td (Warrant financial liability \(gain\) loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 655.27 Td (841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.30 655.32 Td (\(1,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 655.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 655.27 Td (2,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 640.27 Td (Accretion of discount on loan payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 640.27 Td (306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 640.27 Td (250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 640.27 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 625.27 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 625.27 Td (737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 625.27 Td (625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 625.27 Td (112) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 610.27 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 610.32 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 610.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.80 610.32 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 610.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.80 610.32 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 610.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 595.27 Td (Foreign exchange \(gain\) loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 595.32 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 595.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 595.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.80 595.32 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 595.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 580.27 Td (1,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.80 580.32 Td (\(295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 580.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 580.27 Td (2,171) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.63 540.10 Td (warrant ) Tj ET Q q 0 0 0 rg BT 100.25 540.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 137.32 540.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 170.51 540.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 204.25 540.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.12 540.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 248.41 540.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.82 540.10 Td ($841,000 ) Tj ET Q q 0 0 0 rg BT 298.41 540.10 Td (in ) Tj ET Q q 0 0 0 rg BT 308.27 540.10 Td (First ) Tj ET Q q 0 0 0 rg BT 328.70 540.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 361.32 540.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 383.40 540.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 424.91 540.10 Td (with ) Tj ET Q q 0 0 0 rg BT 444.78 540.10 Td (income ) Tj ET Q q 0 0 0 rg BT 476.29 540.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.71 540.10 Td ($1,171,000 ) Tj ET Q q 0 0 0 rg BT 533.79 540.10 Td (in ) Tj ET Q q 0 0 0 rg BT 543.66 540.10 Td (First ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 528.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 82.89 528.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 105.24 528.10 Td (due ) Tj ET Q q 0 0 0 rg BT 122.04 528.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.17 528.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 166.73 528.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.86 528.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.43 528.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 237.11 528.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 288.91 528.10 Td (used ) Tj ET Q q 0 0 0 rg BT 309.59 528.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.73 528.10 Td (value ) Tj ET Q q 0 0 0 rg BT 343.74 528.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.31 528.10 Td (liability) Tj ET Q q 0 0 0 rg BT 388.76 528.10 Td (. ) Tj ET Q q 0 0 0 rg BT 393.62 528.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 425.96 528.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 460.52 528.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 500.63 528.10 Td (during ) Tj ET Q q 0 0 0 rg BT 529.09 528.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.66 528.10 Td (First ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 516.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 83.68 516.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 106.83 516.10 Td (as ) Tj ET Q q 0 0 0 rg BT 118.31 516.10 Td (a ) Tj ET Q q 0 0 0 rg BT 125.89 516.10 Td (result ) Tj ET Q q 0 0 0 rg BT 151.26 516.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.73 516.10 Td (capitalizing ) Tj ET Q q 0 0 0 rg BT 212.53 516.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 245.11 516.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 280.46 516.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.39 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.75 516.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 345.44 516.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 379.12 516.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.60 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.96 516.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 437.43 516.10 Td (as ) Tj ET Q q 0 0 0 rg BT 448.90 516.10 Td (well ) Tj ET Q q 0 0 0 rg BT 469.27 516.10 Td (as ) Tj ET Q q 0 0 0 rg BT 480.74 516.10 Td (capitalizing ) Tj ET Q q 0 0 0 rg BT 530.54 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.90 516.10 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 504.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.59 504.10 Td (with ) Tj ET Q q 0 0 0 rg BT 113.87 504.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.59 504.10 Td (First ) Tj ET Q q 0 0 0 rg BT 148.88 504.10 Td (Amending ) Tj ET Q q 0 0 0 rg BT 193.04 504.10 Td (Agreement.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 480.10 Td (Curr) Tj ET Q q 0 0 0 rg BT 69.08 480.10 Td (ent ) Tj ET Q q 0 0 0 rg BT 83.80 480.10 Td (income ) Tj ET Q q 0 0 0 rg BT 115.18 480.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 129.89 480.10 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.59 456.10 Td (current ) Tj ET Q q 0 0 0 rg BT 99.94 456.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 115.20 456.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 150.44 456.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 192.90 456.10 Td (from ) Tj ET Q q 0 0 0 rg BT 215.38 456.10 Td ($185,000 ) Tj ET Q q 0 0 0 rg BT 255.92 456.10 Td (in ) Tj ET Q q 0 0 0 rg BT 266.73 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.99 456.10 Td (three ) Tj ET Q q 0 0 0 rg BT 305.01 456.10 Td (months ) Tj ET Q q 0 0 0 rg BT 337.50 456.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 364.42 456.10 Td (March ) Tj ET Q q 0 0 0 rg BT 393.56 456.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 409.10 456.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 432.14 456.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.95 456.10 Td (nil ) Tj ET Q q 0 0 0 rg BT 456.55 456.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.37 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.62 456.10 Td (three ) Tj ET Q q 0 0 0 rg BT 505.65 456.10 Td (months ) Tj ET Q q 0 0 0 rg BT 538.14 456.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.10 Td (March ) Tj ET Q q 0 0 0 rg BT 79.31 444.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 95.03 444.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 118.24 444.10 Td (due ) Tj ET Q q 0 0 0 rg BT 135.90 444.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.89 444.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.32 444.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 221.08 444.10 Td (that ) Tj ET Q q 0 0 0 rg BT 239.29 444.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 271.94 444.10 Td (char) Tj ET Q q 0 0 0 rg BT 288.96 444.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 306.62 444.10 Td (from ) Tj ET Q q 0 0 0 rg BT 329.27 444.10 Td (Corsa, ) Tj ET Q q 0 0 0 rg BT 358.32 444.10 Td (a ) Tj ET Q q 0 0 0 rg BT 365.97 444.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 406.95 444.10 Td (entity) Tj ET Q q 0 0 0 rg BT 429.07 444.10 Td (, ) Tj ET Q q 0 0 0 rg BT 434.79 444.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.55 444.10 Td (W) Tj ET Q q 0 0 0 rg BT 454.59 444.10 Td (ilson ) Tj ET Q q 0 0 0 rg BT 477.25 444.10 Td (Creek ) Tj ET Q q 0 0 0 rg BT 504.34 444.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 544.23 444.10 Td (Inc., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.10 Td (Corsa's ) Tj ET Q q 0 0 0 rg BT 81.47 432.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 141.69 432.10 Td (U.S ) Tj ET Q q 0 0 0 rg BT 159.43 432.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 202.98 432.10 Td (is ) Tj ET Q q 0 0 0 rg BT 212.10 432.10 Td (uncollectible ) Tj ET Q q 0 0 0 rg BT 266.20 432.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.09 432.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 318.86 432.10 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 368.52 432.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 415.41 432.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.63 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.30 432.10 Td (three ) Tj ET Q q 0 0 0 rg BT 462.74 432.10 Td (months ) Tj ET Q q 0 0 0 rg BT 494.63 432.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 520.96 432.10 Td (March ) Tj ET Q q 0 0 0 rg BT 549.51 432.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.10 Td (2015. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 396.10 Td (Deferr) Tj ET Q q 0 0 0 rg BT 76.29 396.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 88.23 396.10 Td (income ) Tj ET Q q 0 0 0 rg BT 119.60 396.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 134.32 396.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 168.47 396.10 Td (\(r) Tj ET Q q 0 0 0 rg BT 175.32 396.10 Td (ecovery\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 87.80 372.10 Td (income ) Tj ET Q q 0 0 0 rg BT 119.51 372.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 134.00 372.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 168.48 372.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 210.16 372.10 Td (from ) Tj ET Q q 0 0 0 rg BT 231.88 372.10 Td ($79,000 ) Tj ET Q q 0 0 0 rg BT 266.65 372.10 Td (in ) Tj ET Q q 0 0 0 rg BT 276.70 372.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.19 372.10 Td (three ) Tj ET Q q 0 0 0 rg BT 313.45 372.10 Td (months ) Tj ET Q q 0 0 0 rg BT 345.17 372.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 371.32 372.10 Td (March ) Tj ET Q q 0 0 0 rg BT 399.69 372.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 414.46 372.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 436.74 372.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.79 372.10 Td (nil ) Tj ET Q q 0 0 0 rg BT 459.62 372.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.67 372.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.16 372.10 Td (three ) Tj ET Q q 0 0 0 rg BT 506.42 372.10 Td (months ) Tj ET Q q 0 0 0 rg BT 538.14 372.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 360.10 Td (March ) Tj ET Q q 0 0 0 rg BT 78.60 360.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 93.60 360.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 118.60 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.55 360.10 Td (A) Tj ET Q q 0 0 0 rg BT 127.22 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.72 360.10 Td (full ) Tj ET Q q 0 0 0 rg BT 146.10 360.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 185.82 360.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 228.85 360.10 Td (for ) Tj ET Q q 0 0 0 rg BT 243.01 360.10 Td (all ) Tj ET Q q 0 0 0 rg BT 255.50 360.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 291.31 360.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 306.03 360.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 331.86 360.10 Td (has ) Tj ET Q q 0 0 0 rg BT 347.69 360.10 Td (been ) Tj ET Q q 0 0 0 rg BT 369.06 360.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 413.78 360.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 451.83 360.10 Td (for) Tj ET Q q 0 0 0 rg BT 462.93 360.10 Td (.) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (14) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 135.2978515625 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 92.50 742.25 Td (Condition) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 689.75 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 689.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 689.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 689.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 689.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 689.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 689.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 659.75 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 659.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 659.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 659.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 659.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 659.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 659.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 629.75 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 629.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 629.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 629.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 629.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 629.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 629.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 599.75 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 599.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 599.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 599.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 599.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 599.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 599.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 569.75 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 569.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 569.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 569.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 569.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 569.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 569.75 74.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 689.75 m 387.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 689.75 m 471.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 689.75 m 556.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 659.75 m 387.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 645.75 m 387.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 643.75 m 387.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 659.75 m 471.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 645.75 m 471.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 643.75 m 471.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 659.75 m 556.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 645.75 m 556.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 643.75 m 556.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 599.75 m 387.5 599.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 585.75 m 387.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 583.75 m 387.5 583.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 599.75 m 471.5 599.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 585.75 m 471.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 583.75 m 471.5 583.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 599.75 m 556.5 599.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 585.75 m 556.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 583.75 m 556.5 583.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 555.75 m 387.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 553.75 m 387.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 555.75 m 471.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 553.75 m 471.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 555.75 m 556.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 553.75 m 556.5 553.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.65 709.43 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.40 709.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 694.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.50 694.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.50 694.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 694.43 Td (Variance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 679.42 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 679.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 679.42 Td (40,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 679.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 679.42 Td (37,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 679.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 679.42 Td (3,585) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 664.42 Td (Non-current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 664.42 Td (164,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 664.42 Td (165,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 664.47 Td (\(1,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 664.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 649.42 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 649.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 649.42 Td (204,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 649.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 649.42 Td (202,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 649.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 649.42 Td (1,960) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 619.42 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 619.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 619.42 Td (33,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 619.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 619.42 Td (32,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 619.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 619.42 Td (1,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 604.42 Td (Non-current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 604.42 Td (107,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 604.42 Td (107,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 604.42 Td (299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 589.42 Td (Total liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 589.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 589.42 Td (140,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 589.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 589.42 Td (139,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 589.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 589.42 Td (1,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 559.42 Td (Total equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 559.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 559.42 Td (64,272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 559.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 559.42 Td (63,758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 559.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 559.42 Td (514) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 531.25 Td (Current ) Tj ET Q q 0 0 0 rg BT 82.45 531.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 107.69 531.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 147.35 531.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.26 531.25 Td ($3,585,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.26 531.25 Td ( ) Tj ET Q q 0 0 0 rg BT 206.16 531.25 Td (from ) Tj ET Q q 0 0 0 rg BT 227.51 531.25 Td (December ) Tj ET Q q 0 0 0 rg BT 270.50 531.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 284.91 531.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 306.81 531.25 Td (to ) Tj ET Q q 0 0 0 rg BT 316.50 531.25 Td (March ) Tj ET Q q 0 0 0 rg BT 344.50 531.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 358.91 531.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 383.18 531.25 Td (The ) Tj ET Q q 0 0 0 rg BT 400.63 531.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 435.29 531.25 Td (was ) Tj ET Q q 0 0 0 rg BT 452.75 531.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 491.87 531.25 Td (due ) Tj ET Q q 0 0 0 rg BT 508.22 531.25 Td (to ) Tj ET Q q 0 0 0 rg BT 517.90 531.25 Td (an ) Tj ET Q q 0 0 0 rg BT 529.25 531.25 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 519.25 Td (in ) Tj ET Q q 0 0 0 rg BT 61.00 519.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 81.99 519.25 Td (attributed ) Tj ET Q q 0 0 0 rg BT 123.53 519.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.53 519.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.97 519.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 188.73 519.25 Td (from ) Tj ET Q q 0 0 0 rg BT 211.39 519.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 239.61 519.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 280.59 519.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.25 519.25 Td (an ) Tj ET Q q 0 0 0 rg BT 310.91 519.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 346.89 519.25 Td (in ) Tj ET Q q 0 0 0 rg BT 357.89 519.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 377.76 519.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 419.31 519.25 Td (due ) Tj ET Q q 0 0 0 rg BT 436.97 519.25 Td (to ) Tj ET Q q 0 0 0 rg BT 447.97 519.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 477.31 519.25 Td (of ) Tj ET Q q 0 0 0 rg BT 488.86 519.25 Td (shipments. ) Tj ET Q q 0 0 0 rg BT 535.14 519.25 Td ( ) Tj ET Q q 0 0 0 rg BT 538.13 519.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 507.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 90.27 507.25 Td (were ) Tj ET Q q 0 0 0 rg BT 113.31 507.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 150.25 507.25 Td (of) Tj ET Q q 0 0 0 rg BT 158.40 507.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 176.46 507.25 Td (by ) Tj ET Q q 0 0 0 rg BT 190.08 507.25 Td (a ) Tj ET Q q 0 0 0 rg BT 198.14 507.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 236.17 507.25 Td (in ) Tj ET Q q 0 0 0 rg BT 247.57 507.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 286.18 507.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 330.87 507.25 Td (as ) Tj ET Q q 0 0 0 rg BT 342.82 507.25 Td (a ) Tj ET Q q 0 0 0 rg BT 350.88 507.25 Td (result ) Tj ET Q q 0 0 0 rg BT 376.72 507.25 Td (of ) Tj ET Q q 0 0 0 rg BT 388.67 507.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.50 507.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 434.24 507.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.19 507.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 469.25 507.25 Td (in ) Tj ET Q q 0 0 0 rg BT 480.64 507.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.48 507.25 Td (period-to-period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 495.25 Td (comparison. ) Tj ET Q q 0 0 0 rg BT 101.66 495.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 471.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.15 471.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 105.16 471.25 Td (in ) Tj ET Q q 0 0 0 rg BT 115.54 471.25 Td (non-current ) Tj ET Q q 0 0 0 rg BT 164.78 471.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 190.71 471.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.64 471.25 Td ($1,625,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.64 471.25 Td ( ) Tj ET Q q 0 0 0 rg BT 249.24 471.25 Td (from ) Tj ET Q q 0 0 0 rg BT 271.28 471.25 Td (December ) Tj ET Q q 0 0 0 rg BT 314.96 471.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 330.06 471.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 352.66 471.25 Td (to ) Tj ET Q q 0 0 0 rg BT 363.04 471.25 Td (March ) Tj ET Q q 0 0 0 rg BT 391.73 471.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 406.83 471.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 429.43 471.25 Td (was ) Tj ET Q q 0 0 0 rg BT 447.58 471.25 Td (due ) Tj ET Q q 0 0 0 rg BT 464.62 471.25 Td (to ) Tj ET Q q 0 0 0 rg BT 475.00 471.25 Td (decreases ) Tj ET Q q 0 0 0 rg BT 515.90 471.25 Td (in ) Tj ET Q q 0 0 0 rg BT 526.28 471.25 Td (property) Tj ET Q q 0 0 0 rg BT 559.51 471.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 459.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 72.50 459.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.43 459.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 134.15 459.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 173.86 459.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.57 459.25 Td (result ) Tj ET Q q 0 0 0 rg BT 213.29 459.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.12 459.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 277.16 459.25 Td (expense.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 435.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.06 435.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 103.32 435.25 Td (in ) Tj ET Q q 0 0 0 rg BT 113.61 435.25 Td (current ) Tj ET Q q 0 0 0 rg BT 144.43 435.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 184.16 435.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 435.25 Td ($1,147,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.00 435.25 Td ( ) Tj ET Q q 0 0 0 rg BT 242.51 435.25 Td (from ) Tj ET Q q 0 0 0 rg BT 264.46 435.25 Td (December ) Tj ET Q q 0 0 0 rg BT 308.05 435.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 323.06 435.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 345.57 435.25 Td (to ) Tj ET Q q 0 0 0 rg BT 355.86 435.25 Td (March ) Tj ET Q q 0 0 0 rg BT 384.47 435.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 399.48 435.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 421.99 435.25 Td (was ) Tj ET Q q 0 0 0 rg BT 440.05 435.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 479.77 435.25 Td (due ) Tj ET Q q 0 0 0 rg BT 496.72 435.25 Td (to ) Tj ET Q q 0 0 0 rg BT 507.01 435.25 Td (an ) Tj ET Q q 0 0 0 rg BT 518.96 435.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 554.22 435.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 87.49 423.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 121.08 423.25 Td (as ) Tj ET Q q 0 0 0 rg BT 131.91 423.25 Td (a ) Tj ET Q q 0 0 0 rg BT 138.85 423.25 Td (result ) Tj ET Q q 0 0 0 rg BT 163.56 423.25 Td (of ) Tj ET Q q 0 0 0 rg BT 174.39 423.25 Td (general ) Tj ET Q q 0 0 0 rg BT 206.32 423.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 234.93 423.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.76 423.25 Td (payables.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 399.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.83 399.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 104.87 399.25 Td (in ) Tj ET Q q 0 0 0 rg BT 115.93 399.25 Td (non-current ) Tj ET Q q 0 0 0 rg BT 165.87 399.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 206.37 399.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.98 399.25 Td ($299,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.48 399.25 Td ( ) Tj ET Q q 0 0 0 rg BT 258.77 399.25 Td (from ) Tj ET Q q 0 0 0 rg BT 281.49 399.25 Td (December ) Tj ET Q q 0 0 0 rg BT 325.86 399.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 341.65 399.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 364.93 399.25 Td (to ) Tj ET Q q 0 0 0 rg BT 375.99 399.25 Td (March ) Tj ET Q q 0 0 0 rg BT 405.38 399.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 421.16 399.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 444.45 399.25 Td (was ) Tj ET Q q 0 0 0 rg BT 463.29 399.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 503.78 399.25 Td (due ) Tj ET Q q 0 0 0 rg BT 521.51 399.25 Td (to ) Tj ET Q q 0 0 0 rg BT 532.57 399.25 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.25 Td (changes, ) Tj ET Q q 0 0 0 rg BT 87.21 387.25 Td (none ) Tj ET Q q 0 0 0 rg BT 109.15 387.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.98 387.25 Td (which ) Tj ET Q q 0 0 0 rg BT 146.91 387.25 Td (were ) Tj ET Q q 0 0 0 rg BT 168.84 387.25 Td (individually ) Tj ET Q q 0 0 0 rg BT 219.67 387.25 Td (material.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 363.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.18 363.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 98.95 363.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 138.48 363.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.25 363.25 Td ($514,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.75 363.25 Td ( ) Tj ET Q q 0 0 0 rg BT 189.52 363.25 Td (from ) Tj ET Q q 0 0 0 rg BT 210.74 363.25 Td (December ) Tj ET Q q 0 0 0 rg BT 253.59 363.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 267.87 363.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 289.64 363.25 Td (to ) Tj ET Q q 0 0 0 rg BT 299.19 363.25 Td (March ) Tj ET Q q 0 0 0 rg BT 327.07 363.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 341.34 363.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 363.11 363.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 402.10 363.25 Td (due ) Tj ET Q q 0 0 0 rg BT 418.31 363.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.87 363.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 469.63 363.25 Td (share ) Tj ET Q q 0 0 0 rg BT 492.50 363.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 520.93 363.25 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.28 351.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.00 351.25 Td (private ) Tj ET Q q 0 0 0 rg BT 115.26 351.25 Td (placement ) Tj ET Q q 0 0 0 rg BT 158.85 351.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 194.67 351.25 Td (of) Tj ET Q q 0 0 0 rg BT 202.82 351.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 219.76 351.25 Td (by ) Tj ET Q q 0 0 0 rg BT 232.26 351.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.97 351.25 Td (net ) Tj ET Q q 0 0 0 rg BT 261.69 351.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 279.75 351.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 315.57 351.25 Td (during ) Tj ET Q q 0 0 0 rg BT 344.17 351.25 Td (First ) Tj ET Q q 0 0 0 rg BT 365.01 351.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 398.05 351.25 Td (2016.) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 188.4521484375 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 92.52 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.14 742.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 145.31 742.25 Td (Resour) Tj ET Q q 0 0 0 rg BT 175.68 742.25 Td (ces) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 689.75 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 689.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 689.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 689.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 689.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 689.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 689.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 659.75 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 659.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 659.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 659.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 659.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 659.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 659.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 629.75 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 629.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 629.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 629.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 629.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 629.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 629.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 599.75 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 599.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 599.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 599.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 599.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 599.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 599.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 569.75 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 569.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 569.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 569.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 569.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 569.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 569.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 539.75 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 539.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 539.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 539.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 539.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 539.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 539.75 74.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 689.75 m 387.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 689.75 m 471.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 689.75 m 556.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 675.75 m 387.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 673.75 m 387.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 675.75 m 471.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 673.75 m 471.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 675.75 m 556.5 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 673.75 m 556.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 645.75 m 387.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 643.75 m 387.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 645.75 m 471.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 643.75 m 471.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 645.75 m 556.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 643.75 m 556.5 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 615.75 m 387.5 615.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 613.75 m 387.5 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 615.75 m 471.5 615.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 613.75 m 471.5 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 615.75 m 556.5 615.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 613.75 m 556.5 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 539.75 m 387.5 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 525.75 m 387.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 523.75 m 387.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 539.75 m 471.5 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 525.75 m 471.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 523.75 m 471.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 539.75 m 556.5 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 525.75 m 556.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 523.75 m 556.5 523.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.65 709.43 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.40 709.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 694.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.50 694.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.50 694.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 694.43 Td (Variance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 679.42 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 679.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 679.42 Td (12,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 679.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 679.42 Td (9,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 679.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 679.42 Td (3,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 649.42 Td (Working capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 649.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 649.42 Td (7,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 649.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 649.42 Td (5,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 649.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 649.42 Td (2,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 619.42 Td (Line of credit available) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 619.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 619.42 Td (2,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 619.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 619.42 Td (3,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 619.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 619.47 Td (\(500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 619.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 589.42 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 574.42 Td (Notes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 574.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 574.42 Td (6,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 574.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 574.42 Td (6,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 574.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 574.47 Td (\(104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 574.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 559.42 Td (Finance lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.15 559.42 Td (8,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 559.42 Td (8,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.30 559.47 Td (\(612) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 559.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 544.42 Td (Loan payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 544.42 Td (25,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 544.42 Td (24,440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 544.42 Td (700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 529.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 529.42 Td (39,526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 529.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 529.42 Td (39,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 529.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 529.47 Td (\(16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 529.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 501.25 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 477.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 72.50 477.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 112.75 477.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.25 477.25 Td ($3,376,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.25 477.25 Td ( ) Tj ET Q q 0 0 0 rg BT 172.75 477.25 Td (from ) Tj ET Q q 0 0 0 rg BT 194.69 477.25 Td (December ) Tj ET Q q 0 0 0 rg BT 238.28 477.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 253.28 477.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 275.78 477.25 Td (to ) Tj ET Q q 0 0 0 rg BT 286.05 477.25 Td (March ) Tj ET Q q 0 0 0 rg BT 314.65 477.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 329.65 477.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 354.65 477.25 Td (See ) Tj ET Q q 0 0 0 rg BT 371.59 477.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 398.53 477.25 Td (Flows ) Tj ET Q q 0 0 0 rg BT 429.92 477.25 Td (below) Tj ET Q q 0 0 0 rg BT 453.71 477.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 453.25 Td (W) Tj ET Q q 0 0 0 rg BT 59.45 453.25 Td (orking ) Tj ET Q q 0 0 0 rg BT 90.29 453.25 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 429.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.69 429.25 Td (net ) Tj ET Q q 0 0 0 rg BT 84.05 429.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 119.95 429.25 Td (in ) Tj ET Q q 0 0 0 rg BT 130.87 429.25 Td (working ) Tj ET Q q 0 0 0 rg BT 167.35 429.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 197.14 429.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.62 429.25 Td ($2,438,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.62 429.25 Td ( ) Tj ET Q q 0 0 0 rg BT 256.76 429.25 Td (from ) Tj ET Q q 0 0 0 rg BT 279.35 429.25 Td (December ) Tj ET Q q 0 0 0 rg BT 323.57 429.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 339.22 429.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 362.36 429.25 Td (to ) Tj ET Q q 0 0 0 rg BT 373.29 429.25 Td (March ) Tj ET Q q 0 0 0 rg BT 402.53 429.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 418.17 429.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 441.32 429.25 Td (was ) Tj ET Q q 0 0 0 rg BT 460.01 429.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 500.37 429.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.73 429.25 Td (result ) Tj ET Q q 0 0 0 rg BT 541.09 429.25 Td (of ) Tj ET Q q 0 0 0 rg BT 552.57 429.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 85.20 417.25 Td (in ) Tj ET Q q 0 0 0 rg BT 95.42 417.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 115.63 417.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 155.28 417.25 Td (due ) Tj ET Q q 0 0 0 rg BT 172.17 417.25 Td (to ) Tj ET Q q 0 0 0 rg BT 182.39 417.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.05 417.25 Td (private ) Tj ET Q q 0 0 0 rg BT 227.25 417.25 Td (placement ) Tj ET Q q 0 0 0 rg BT 270.78 417.25 Td (that ) Tj ET Q q 0 0 0 rg BT 288.22 417.25 Td (occurred ) Tj ET Q q 0 0 0 rg BT 325.64 417.25 Td (during ) Tj ET Q q 0 0 0 rg BT 354.19 417.25 Td (First ) Tj ET Q q 0 0 0 rg BT 374.98 417.25 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 407.96 417.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 430.40 417.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.28 417.25 Td (an ) Tj ET Q q 0 0 0 rg BT 459.16 417.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 494.36 417.25 Td (in ) Tj ET Q q 0 0 0 rg BT 504.58 417.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 523.68 417.25 Td (inventory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.48 405.25 Td (a ) Tj ET Q q 0 0 0 rg BT 67.06 405.25 Td (result ) Tj ET Q q 0 0 0 rg BT 91.43 405.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.91 405.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 130.17 405.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.64 405.25 Td (shipments. ) Tj ET Q q 0 0 0 rg BT 185.85 405.25 Td ( ) Tj ET Q q 0 0 0 rg BT 187.84 405.25 Td (These ) Tj ET Q q 0 0 0 rg BT 213.86 405.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 252.66 405.25 Td (in ) Tj ET Q q 0 0 0 rg BT 262.58 405.25 Td (working ) Tj ET Q q 0 0 0 rg BT 298.06 405.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 326.86 405.25 Td (were ) Tj ET Q q 0 0 0 rg BT 348.43 405.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 383.90 405.25 Td (of) Tj ET Q q 0 0 0 rg BT 392.05 405.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 408.64 405.25 Td (by ) Tj ET Q q 0 0 0 rg BT 420.79 405.25 Td (an ) Tj ET Q q 0 0 0 rg BT 432.37 405.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 467.27 405.25 Td (in ) Tj ET Q q 0 0 0 rg BT 477.20 405.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 514.33 405.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 547.57 405.25 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.84 393.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 90.02 393.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.42 393.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 142.81 393.25 Td (and ) Tj ET Q q 0 0 0 rg BT 160.31 393.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.59 393.25 Td (December ) Tj ET Q q 0 0 0 rg BT 219.74 393.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 235.31 393.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 258.38 393.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 295.86 393.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 335.58 393.25 Td (by ) Tj ET Q q 0 0 0 rg BT 348.65 393.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.93 393.25 Td (idling ) Tj ET Q q 0 0 0 rg BT 390.33 393.25 Td (of ) Tj ET Q q 0 0 0 rg BT 401.72 393.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 446.44 393.25 Td (due ) Tj ET Q q 0 0 0 rg BT 463.95 393.25 Td (to ) Tj ET Q q 0 0 0 rg BT 474.79 393.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 516.18 393.25 Td (control ) Tj ET Q q 0 0 0 rg BT 547.57 393.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 75.27 381.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 122.74 381.25 Td (due ) Tj ET Q q 0 0 0 rg BT 139.68 381.25 Td (to ) Tj ET Q q 0 0 0 rg BT 149.96 381.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 178.57 381.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.40 381.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 208.55 381.25 Td (sales. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 357.25 Td (Line ) Tj ET Q q 0 0 0 rg BT 71.95 357.25 Td (of ) Tj ET Q q 0 0 0 rg BT 82.78 357.25 Td (cr) Tj ET Q q 0 0 0 rg BT 91.47 357.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 110.08 357.25 Td (available) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.42 357.25 Td ( ) Tj ET Q q 0 0 0 rg BT 150.92 357.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.25 Td (Corsa) Tj ET Q q 0 0 0 rg BT 76.11 333.25 Td (s ) Tj ET Q q 0 0 0 rg BT 82.35 333.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 107.00 333.25 Td ( ) Tj ET Q q 0 0 0 rg BT 109.35 333.25 Td (Division ) Tj ET Q q 0 0 0 rg BT 146.16 333.25 Td (has ) Tj ET Q q 0 0 0 rg BT 161.84 333.25 Td (a ) Tj ET Q q 0 0 0 rg BT 168.64 333.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 193.75 333.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 224.43 333.25 Td (with ) Tj ET Q q 0 0 0 rg BT 244.56 333.25 Td ($2,500,000 ) Tj ET Q q 0 0 0 rg BT 291.92 333.25 Td (drawn ) Tj ET Q q 0 0 0 rg BT 319.26 333.25 Td (on ) Tj ET Q q 0 0 0 rg BT 331.62 333.25 Td (a ) Tj ET Q q 0 0 0 rg BT 338.41 333.25 Td (line ) Tj ET Q q 0 0 0 rg BT 355.76 333.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.45 333.25 Td (credit. ) Tj ET Q q 0 0 0 rg BT 394.06 333.25 Td ( ) Tj ET Q q 0 0 0 rg BT 396.25 333.25 Td (The ) Tj ET Q q 0 0 0 rg BT 414.15 333.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 439.27 333.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 469.95 333.25 Td (allows ) Tj ET Q q 0 0 0 rg BT 498.41 333.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.98 333.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 554.22 333.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.25 Td (borrow ) Tj ET Q q 0 0 0 rg BT 80.64 321.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.61 321.25 Td (lesser ) Tj ET Q q 0 0 0 rg BT 119.14 321.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.23 321.25 Td ($5,000,000 ) Tj ET Q q 0 0 0 rg BT 175.99 321.25 Td (or ) Tj ET Q q 0 0 0 rg BT 186.07 321.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.05 321.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 244.15 321.25 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 287.57 321.25 Td (base ) Tj ET Q q 0 0 0 rg BT 307.09 321.25 Td (as ) Tj ET Q q 0 0 0 rg BT 317.18 321.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 348.93 321.25 Td (as ) Tj ET Q q 0 0 0 rg BT 359.01 321.25 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 371.87 321.25 Td (fifty ) Tj ET Q q 0 0 0 rg BT 390.84 321.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 422.03 321.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.11 321.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.09 321.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 486.17 321.25 Td (value ) Tj ET Q q 0 0 0 rg BT 509.58 321.25 Td (of ) Tj ET Q q 0 0 0 rg BT 519.67 321.25 Td (borrower's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.25 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 95.14 309.25 Td (inventory; ) Tj ET Q q 0 0 0 rg BT 139.19 309.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 158.82 309.25 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 173.43 309.25 Td (seventy-five ) Tj ET Q q 0 0 0 rg BT 225.80 309.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 258.18 309.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.46 309.25 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 314.60 309.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 352.54 309.25 Td (receivable; ) Tj ET Q q 0 0 0 rg BT 399.35 309.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 418.97 309.25 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 433.02 309.25 Td (sixty-five ) Tj ET Q q 0 0 0 rg BT 474.29 309.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 506.67 309.25 Td (of ) Tj ET Q q 0 0 0 rg BT 517.95 309.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.12 309.25 Td (orderly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.25 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 95.76 297.25 Td (value ) Tj ET Q q 0 0 0 rg BT 119.84 297.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.60 297.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.25 297.25 Td (borrower's ) Tj ET Q q 0 0 0 rg BT 190.02 297.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 222.44 297.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 267.08 297.25 Td (less ) Tj ET Q q 0 0 0 rg BT 284.51 297.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.16 297.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 348.25 297.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 386.22 297.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 419.18 297.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.94 297.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.59 297.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 478.68 297.25 Td (term ) Tj ET Q q 0 0 0 rg BT 499.44 297.25 Td (loan. ) Tj ET Q q 0 0 0 rg BT 521.58 297.25 Td ( ) Tj ET Q q 0 0 0 rg BT 523.48 297.25 Td (At ) Tj ET Q q 0 0 0 rg BT 535.91 297.25 Td (March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 65.00 285.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 90.00 285.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.72 285.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 146.10 285.25 Td (had ) Tj ET Q q 0 0 0 rg BT 163.04 285.25 Td ($2,500,000 ) Tj ET Q q 0 0 0 rg BT 210.54 285.25 Td (of ) Tj ET Q q 0 0 0 rg BT 221.37 285.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 268.86 285.25 Td (on ) Tj ET Q q 0 0 0 rg BT 281.36 285.25 Td (this ) Tj ET Q q 0 0 0 rg BT 298.31 285.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 323.57 285.25 Td (facility) Tj ET Q q 0 0 0 rg BT 351.24 285.25 Td (. ) Tj ET Q q 0 0 0 rg BT 356.24 285.25 Td ( ) Tj ET Q q 0 0 0 rg BT 358.74 285.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 261.25 Td (Debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.50 237.25 Td (August ) Tj ET Q q 0 0 0 rg BT 96.30 237.25 Td (19, ) Tj ET Q q 0 0 0 rg BT 111.72 237.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 137.14 237.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.27 237.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 194.08 237.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 226.42 237.25 Td (into ) Tj ET Q q 0 0 0 rg BT 244.89 237.25 Td (a ) Tj ET Q q 0 0 0 rg BT 252.25 237.25 Td ($25,000,000 ) Tj ET Q q 0 0 0 rg BT 305.17 237.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 338.62 237.25 Td (term ) Tj ET Q q 0 0 0 rg BT 359.86 237.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 380.00 237.25 Td (\("Facility"\) ) Tj ET Q q 0 0 0 rg BT 428.29 237.25 Td (as ) Tj ET Q q 0 0 0 rg BT 439.54 237.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 478.55 237.25 Td (on ) Tj ET Q q 0 0 0 rg BT 491.47 237.25 Td (October ) Tj ET Q q 0 0 0 rg BT 526.59 237.25 Td (20, ) Tj ET Q q 0 0 0 rg BT 542.01 237.25 Td (2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.25 Td (\("First ) Tj ET Q q 0 0 0 rg BT 77.40 225.25 Td (Amending ) Tj ET Q q 0 0 0 rg BT 121.25 225.25 Td (Agreement"\) ) Tj ET Q q 0 0 0 rg BT 175.20 225.25 Td (and ) Tj ET Q q 0 0 0 rg BT 191.75 225.25 Td (on ) Tj ET Q q 0 0 0 rg BT 203.85 225.25 Td (March ) Tj ET Q q 0 0 0 rg BT 232.06 225.25 Td (21, ) Tj ET Q q 0 0 0 rg BT 246.67 225.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 268.78 225.25 Td (\("Second ) Tj ET Q q 0 0 0 rg BT 307.27 225.25 Td (Amending ) Tj ET Q q 0 0 0 rg BT 351.13 225.25 Td (Agreement"\). ) Tj ET Q q 0 0 0 rg BT 407.58 225.25 Td ( ) Tj ET Q q 0 0 0 rg BT 409.53 225.25 Td (The ) Tj ET Q q 0 0 0 rg BT 427.19 225.25 Td (Facility ) Tj ET Q q 0 0 0 rg BT 459.85 225.25 Td (is ) Tj ET Q q 0 0 0 rg BT 468.63 225.25 Td (for ) Tj ET Q q 0 0 0 rg BT 482.39 225.25 Td (a ) Tj ET Q q 0 0 0 rg BT 488.94 225.25 Td (five-year ) Tj ET Q q 0 0 0 rg BT 527.13 225.25 Td (term ) Tj ET Q q 0 0 0 rg BT 547.57 225.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.25 Td (bears ) Tj ET Q q 0 0 0 rg BT 73.93 213.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 106.19 213.25 Td (at ) Tj ET Q q 0 0 0 rg BT 116.23 213.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 137.39 213.25 Td (per ) Tj ET Q q 0 0 0 rg BT 152.98 213.25 Td (annum ) Tj ET Q q 0 0 0 rg BT 183.03 213.25 Td (compounded ) Tj ET Q q 0 0 0 rg BT 237.51 213.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 276.43 213.25 Td (until ) Tj ET Q q 0 0 0 rg BT 297.59 213.25 Td (March ) Tj ET Q q 0 0 0 rg BT 326.52 213.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 341.85 213.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 364.67 213.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.94 213.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 418.10 213.25 Td (thereafter) Tj ET Q q 0 0 0 rg BT 455.85 213.25 Td (. ) Tj ET Q q 0 0 0 rg BT 461.18 213.25 Td ( ) Tj ET Q q 0 0 0 rg BT 464.00 213.25 Td (For ) Tj ET Q q 0 0 0 rg BT 480.72 213.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.77 213.25 Td (period ) Tj ET Q q 0 0 0 rg BT 524.14 213.25 Td (up ) Tj ET Q q 0 0 0 rg BT 536.97 213.25 Td (to ) Tj ET Q q 0 0 0 rg BT 547.57 213.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.25 Td (including ) Tj ET Q q 0 0 0 rg BT 90.69 201.25 Td (March ) Tj ET Q q 0 0 0 rg BT 119.70 201.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 135.11 201.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 160.52 201.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.65 201.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 217.45 201.25 Td (will ) Tj ET Q q 0 0 0 rg BT 235.91 201.25 Td (have ) Tj ET Q q 0 0 0 rg BT 257.70 201.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.83 201.25 Td (option ) Tj ET Q q 0 0 0 rg BT 301.30 201.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.54 201.25 Td (adding ) Tj ET Q q 0 0 0 rg BT 342.67 201.25 Td (any ) Tj ET Q q 0 0 0 rg BT 360.02 201.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 392.36 201.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 426.37 201.25 Td (under ) Tj ET Q q 0 0 0 rg BT 452.05 201.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.18 201.25 Td (Facility ) Tj ET Q q 0 0 0 rg BT 500.64 201.25 Td (to ) Tj ET Q q 0 0 0 rg BT 511.33 201.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.46 201.25 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.42 189.25 Td (or) Tj ET Q q 0 0 0 rg BT 90.35 189.25 Td (, ) Tj ET Q q 0 0 0 rg BT 95.27 189.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 126.02 189.25 Td (to ) Tj ET Q q 0 0 0 rg BT 136.22 189.25 Td (approval ) Tj ET Q q 0 0 0 rg BT 173.62 189.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.38 189.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.84 189.25 Td (TSX-V) Tj ET Q q 0 0 0 rg BT 226.99 189.25 Td (, ) Tj ET Q q 0 0 0 rg BT 231.92 189.25 Td (satisfying ) Tj ET Q q 0 0 0 rg BT 273.22 189.25 Td (any ) Tj ET Q q 0 0 0 rg BT 290.08 189.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 321.94 189.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 358.79 189.25 Td (by ) Tj ET Q q 0 0 0 rg BT 371.22 189.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.86 189.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 422.15 189.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.91 189.25 Td (common ) Tj ET Q q 0 0 0 rg BT 470.32 189.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 497.74 189.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.49 189.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.13 189.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.25 Td (\("Common ) Tj ET Q q 0 0 0 rg BT 97.51 177.25 Td (Shares"\) ) Tj ET Q q 0 0 0 rg BT 134.46 177.25 Td (\(based ) Tj ET Q q 0 0 0 rg BT 163.44 177.25 Td (on ) Tj ET Q q 0 0 0 rg BT 176.31 177.25 Td (a ) Tj ET Q q 0 0 0 rg BT 183.63 177.25 Td (five ) Tj ET Q q 0 0 0 rg BT 202.05 177.25 Td (day ) Tj ET Q q 0 0 0 rg BT 219.37 177.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 252.24 177.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 291.77 177.25 Td (average ) Tj ET Q q 0 0 0 rg BT 325.73 177.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 356.93 177.25 Td (price ) Tj ET Q q 0 0 0 rg BT 379.79 177.25 Td (for ) Tj ET Q q 0 0 0 rg BT 394.33 177.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 434.43 177.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 463.96 177.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 516.83 177.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 539.14 177.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 177.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.25 Td (last ) Tj ET Q q 0 0 0 rg BT 66.72 165.25 Td (business ) Tj ET Q q 0 0 0 rg BT 103.44 165.25 Td (day ) Tj ET Q q 0 0 0 rg BT 120.71 165.25 Td (of ) Tj ET Q q 0 0 0 rg BT 131.87 165.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.92 165.25 Td (period ) Tj ET Q q 0 0 0 rg BT 175.30 165.25 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 219.24 165.25 Td (by ) Tj ET Q q 0 0 0 rg BT 232.07 165.25 Td (105%\). ) Tj ET Q q 0 0 0 rg BT 264.06 165.25 Td ( ) Tj ET Q q 0 0 0 rg BT 266.69 165.25 Td (The ) Tj ET Q q 0 0 0 rg BT 285.06 165.25 Td (First ) Tj ET Q q 0 0 0 rg BT 305.61 165.25 Td (Amending ) Tj ET Q q 0 0 0 rg BT 350.03 165.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 399.79 165.25 Td (among ) Tj ET Q q 0 0 0 rg BT 429.83 165.25 Td (other ) Tj ET Q q 0 0 0 rg BT 453.21 165.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 482.99 165.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 520.26 165.25 Td (for: ) Tj ET Q q 0 0 0 rg BT 537.53 165.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 549.80 165.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.25 Td (waiver ) Tj ET Q q 0 0 0 rg BT 79.74 153.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.61 153.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.36 153.25 Td (requirement ) Tj ET Q q 0 0 0 rg BT 156.21 153.25 Td (that ) Tj ET Q q 0 0 0 rg BT 173.74 153.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.49 153.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 226.56 153.25 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 242.98 153.25 Td (of ) Tj ET Q q 0 0 0 rg BT 253.85 153.25 Td (any ) Tj ET Q q 0 0 0 rg BT 270.82 153.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 298.35 153.25 Td (financings ) Tj ET Q q 0 0 0 rg BT 342.54 153.25 Td (by ) Tj ET Q q 0 0 0 rg BT 355.08 153.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.83 153.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 411.25 153.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 433.23 153.25 Td (to ) Tj ET Q q 0 0 0 rg BT 443.54 153.25 Td (January ) Tj ET Q q 0 0 0 rg BT 477.17 153.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 487.21 153.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 509.75 153.25 Td (and ) Tj ET Q q 0 0 0 rg BT 526.72 153.25 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 542.59 153.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.34 141.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 99.23 141.25 Td (of ) Tj ET Q q 0 0 0 rg BT 109.68 141.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 139.00 141.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 164.45 141.25 Td (of ) Tj ET Q q 0 0 0 rg BT 174.90 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 189.24 141.25 Td (Company) Tj ET Q q 0 0 0 rg BT 227.48 141.25 Td (, ) Tj ET Q q 0 0 0 rg BT 232.09 141.25 Td (be ) Tj ET Q q 0 0 0 rg BT 243.65 141.25 Td (used ) Tj ET Q q 0 0 0 rg BT 264.10 141.25 Td (to ) Tj ET Q q 0 0 0 rg BT 274.00 141.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 298.33 141.25 Td (a ) Tj ET Q q 0 0 0 rg BT 304.88 141.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 335.89 141.25 Td (of ) Tj ET Q q 0 0 0 rg BT 346.34 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.67 141.25 Td (Facility; ) Tj ET Q q 0 0 0 rg BT 396.12 141.25 Td (and ) Tj ET Q q 0 0 0 rg BT 412.68 141.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 427.02 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.35 141.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 477.91 141.25 Td (of ) Tj ET Q q 0 0 0 rg BT 488.35 141.25 Td (an ) Tj ET Q q 0 0 0 rg BT 499.91 141.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 542.02 141.25 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 82.46 129.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 97.71 129.25 Td (for ) Tj ET Q q 0 0 0 rg BT 112.41 129.25 Td (any ) Tj ET Q q 0 0 0 rg BT 129.89 129.25 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 180.13 129.25 Td (that ) Tj ET Q q 0 0 0 rg BT 198.16 129.25 Td (is ) Tj ET Q q 0 0 0 rg BT 207.87 129.25 Td (required ) Tj ET Q q 0 0 0 rg BT 244.23 129.25 Td (in ) Tj ET Q q 0 0 0 rg BT 255.05 129.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 301.96 129.25 Td (with ) Tj ET Q q 0 0 0 rg BT 322.78 129.25 Td (a ) Tj ET Q q 0 0 0 rg BT 330.25 129.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 366.07 129.25 Td (of ) Tj ET Q q 0 0 0 rg BT 377.44 129.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 406.31 129.25 Td (change ) Tj ET Q q 0 0 0 rg BT 437.67 129.25 Td (of ) Tj ET Q q 0 0 0 rg BT 449.04 129.25 Td (control ) Tj ET Q q 0 0 0 rg BT 480.40 129.25 Td (or ) Tj ET Q q 0 0 0 rg BT 491.77 129.25 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 540.34 129.25 Td (event ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.25 Td (where, ) Tj ET Q q 0 0 0 rg BT 79.27 117.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 101.04 117.25 Td (to ) Tj ET Q q 0 0 0 rg BT 111.16 117.25 Td (such ) Tj ET Q q 0 0 0 rg BT 131.83 117.25 Td (disposal, ) Tj ET Q q 0 0 0 rg BT 169.45 117.25 Td (change ) Tj ET Q q 0 0 0 rg BT 200.10 117.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.77 117.25 Td (control ) Tj ET Q q 0 0 0 rg BT 241.44 117.25 Td (or ) Tj ET Q q 0 0 0 rg BT 252.10 117.25 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 299.98 117.25 Td (event, ) Tj ET Q q 0 0 0 rg BT 326.47 117.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 356.01 117.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 381.68 117.25 Td (have ) Tj ET Q q 0 0 0 rg BT 402.90 117.25 Td (been ) Tj ET Q q 0 0 0 rg BT 424.11 117.25 Td (disposed ) Tj ET Q q 0 0 0 rg BT 461.45 117.25 Td (of ) Tj ET Q q 0 0 0 rg BT 472.12 117.25 Td (by ) Tj ET Q q 0 0 0 rg BT 484.46 117.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.01 117.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 540.24 117.25 Td (for ) Tj ET Q q 0 0 0 rg BT 554.24 117.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 78.33 105.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.90 105.25 Td ($10 ) Tj ET Q q 0 0 0 rg BT 106.13 105.25 Td (million ) Tj ET Q q 0 0 0 rg BT 137.26 105.25 Td (in ) Tj ET Q q 0 0 0 rg BT 147.27 105.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.72 105.25 Td (aggregate. ) Tj ET Q q 0 0 0 rg BT 205.31 105.25 Td ( ) Tj ET Q q 0 0 0 rg BT 207.39 105.25 Td (The ) Tj ET Q q 0 0 0 rg BT 225.17 105.25 Td (Second ) Tj ET Q q 0 0 0 rg BT 256.35 105.25 Td (Amending ) Tj ET Q q 0 0 0 rg BT 300.30 105.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 349.46 105.25 Td (among ) Tj ET Q q 0 0 0 rg BT 378.91 105.25 Td (other ) Tj ET Q q 0 0 0 rg BT 401.69 105.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 430.88 105.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 467.55 105.25 Td (for ) Tj ET Q q 0 0 0 rg BT 481.44 105.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 493.11 105.25 Td (a ) Tj ET Q q 0 0 0 rg BT 499.79 105.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 539.78 105.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 105.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 91.62 93.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 144.89 93.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 165.38 93.25 Td (requirement ) Tj ET Q q 0 0 0 rg BT 216.42 93.25 Td (under ) Tj ET Q q 0 0 0 rg BT 241.92 93.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.86 93.25 Td (Facility ) Tj ET Q q 0 0 0 rg BT 290.14 93.25 Td (from ) Tj ET Q q 0 0 0 rg BT 312.30 93.25 Td ($2,000,000 ) Tj ET Q q 0 0 0 rg BT 360.03 93.25 Td (to ) Tj ET Q q 0 0 0 rg BT 370.54 93.25 Td ($1,000,000 ) Tj ET Q q 0 0 0 rg BT 418.26 93.25 Td (and ) Tj ET Q q 0 0 0 rg BT 435.43 93.25 Td (the ) Tj ET Q q 0 0 0 rg BT 450.37 93.25 Td (exclusion ) Tj ET Q q 0 0 0 rg BT 491.43 93.25 Td (of ) Tj ET Q q 0 0 0 rg BT 502.48 93.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.43 93.25 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 74.64 81.25 Td ( ) Tj ET Q q 0 0 0 rg BT 77.12 81.25 Td (Division ) Tj ET Q q 0 0 0 rg BT 114.04 81.25 Td (from ) Tj ET Q q 0 0 0 rg BT 135.95 81.25 Td (this ) Tj ET Q q 0 0 0 rg BT 152.87 81.25 Td (calculation; ) Tj ET Q q 0 0 0 rg BT 201.98 81.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 216.67 81.25 Td (an ) Tj ET Q q 0 0 0 rg BT 228.58 81.25 Td (extension ) Tj ET Q q 0 0 0 rg BT 269.38 81.25 Td (to ) Tj ET Q q 0 0 0 rg BT 279.09 81.25 Td (April ) Tj ET Q q 0 0 0 rg BT 302.67 81.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 325.14 81.25 Td (of ) Tj ET Q q 0 0 0 rg BT 335.94 81.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.63 81.25 Td (time ) Tj ET Q q 0 0 0 rg BT 370.88 81.25 Td (during ) Tj ET Q q 0 0 0 rg BT 399.46 81.25 Td (which ) Tj ET Q q 0 0 0 rg BT 426.37 81.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 458.27 81.25 Td (due ) Tj ET Q q 0 0 0 rg BT 475.18 81.25 Td (under ) Tj ET Q q 0 0 0 rg BT 500.42 81.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.11 81.25 Td (Facility ) Tj ET Q q 0 0 0 rg BT 548.14 81.25 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.73 69.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 81.23 69.25 Td (by ) Tj ET Q q 0 0 0 rg BT 93.52 69.25 Td (adding ) Tj ET Q q 0 0 0 rg BT 123.03 69.25 Td (such ) Tj ET Q q 0 0 0 rg BT 143.65 69.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 175.37 69.25 Td (to ) Tj ET Q q 0 0 0 rg BT 185.44 69.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.94 69.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 237.77 69.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 270.06 69.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.68 69.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.18 69.25 Td (Facility) Tj ET Q q 0 0 0 rg BT 325.09 69.25 Td (, ) Tj ET Q q 0 0 0 rg BT 329.88 69.25 Td (and ) Tj ET Q q 0 0 0 rg BT 346.60 69.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 363.89 69.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 393.38 69.25 Td (other ) Tj ET Q q 0 0 0 rg BT 416.21 69.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 469.04 69.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 506.88 69.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.95 69.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 549.78 69.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.39 57.25 Td (with ) Tj ET Q q 0 0 0 rg BT 111.67 57.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 151.92 57.25 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 193.86 57.25 Td (under ) Tj ET Q q 0 0 0 rg BT 219.13 57.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.84 57.25 Td (Facility) Tj ET Q q 0 0 0 rg BT 263.75 57.25 Td (.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 71.94 742.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 113.85 742.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.35 742.10 Td ($16,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.85 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.35 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 183.29 742.10 Td (December ) Tj ET Q q 0 0 0 rg BT 226.88 742.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 241.88 742.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 264.38 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.65 742.10 Td (March ) Tj ET Q q 0 0 0 rg BT 303.25 742.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 318.25 742.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 340.75 742.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 380.46 742.10 Td (due ) Tj ET Q q 0 0 0 rg BT 397.40 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.68 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.00 742.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 451.73 742.10 Td (made ) Tj ET Q q 0 0 0 rg BT 476.79 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 490.20 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.82 742.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 540.89 742.10 Td (notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 84.29 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.93 730.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 134.56 730.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 157.74 730.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 205.39 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.03 730.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 266.22 730.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 286.64 730.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 323.72 730.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 368.02 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 389.00 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.41 730.10 Td (Second ) Tj ET Q q 0 0 0 rg BT 436.35 730.10 Td (Amending ) Tj ET Q q 0 0 0 rg BT 481.06 730.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 528.68 730.10 Td (partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 718.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 75.84 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 89.09 718.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 132.34 718.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 181.14 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 194.40 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.87 718.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 251.45 718.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 277.46 718.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 309.04 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.73 718.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 372.19 718.10 Td (purchases, ) Tj ET Q q 0 0 0 rg BT 417.38 718.10 Td (capitalizing ) Tj ET Q q 0 0 0 rg BT 467.27 718.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 499.96 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.99 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.46 718.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 83.03 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 95.53 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.25 706.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 129.97 706.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 163.56 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.50 706.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 233.54 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.37 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.08 706.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 278.80 706.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 315.19 706.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 358.78 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 379.06 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.77 706.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 413.49 706.10 Td (payable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 74.17 682.10 Td (flows) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 656.7669921875 m 80.537109375 656.7669921875 l s q 0 0 0 rg BT 50.00 658.10 Td (Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 92.49 634.10 Td (activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.96 610.10 Td (First ) Tj ET Q q 0 0 0 rg BT 81.94 610.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 115.11 610.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 140.24 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.10 610.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 175.50 610.10 Td (used ) Tj ET Q q 0 0 0 rg BT 196.46 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.88 610.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 247.27 610.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 286.01 610.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.19 610.10 Td ($1,597,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.19 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 351.83 610.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 393.88 610.10 Td (with ) Tj ET Q q 0 0 0 rg BT 414.30 610.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 434.70 610.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 472.88 610.10 Td (by ) Tj ET Q q 0 0 0 rg BT 485.52 610.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 525.91 610.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.85 598.10 Td ($3,652,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.85 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 108.37 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.67 598.10 Td (First ) Tj ET Q q 0 0 0 rg BT 139.54 598.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 172.60 598.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 197.62 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 204.58 598.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 241.51 598.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.37 598.10 Td ($5,249,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.37 598.10 Td (. ) Tj ET Q q 0 0 0 rg BT 302.39 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.35 598.10 Td (Adjusting ) Tj ET Q q 0 0 0 rg BT 346.32 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.06 598.10 Td (net ) Tj ET Q q 0 0 0 rg BT 375.80 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.76 598.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 455.82 598.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 473.90 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 488.08 598.10 Td (First ) Tj ET Q q 0 0 0 rg BT 508.94 598.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 542.00 598.10 Td (2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.40 586.10 Td (First ) Tj ET Q q 0 0 0 rg BT 88.69 586.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 122.19 586.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 145.15 586.10 Td (for ) Tj ET Q q 0 0 0 rg BT 159.77 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.94 586.10 Td (items ) Tj ET Q q 0 0 0 rg BT 199.56 586.10 Td (not ) Tj ET Q q 0 0 0 rg BT 215.30 586.10 Td (af) Tj ET Q q 0 0 0 rg BT 222.89 586.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 253.61 586.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 274.34 586.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 308.95 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 319.69 586.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 340.41 586.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 378.92 586.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.21 586.10 Td ($6,390,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.21 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 438.16 586.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 480.54 586.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.28 586.10 Td ($24,296,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.28 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.24 586.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (First ) Tj ET Q q 0 0 0 rg BT 71.31 574.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 104.81 574.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 130.07 574.10 Td (The ) Tj ET Q q 0 0 0 rg BT 148.58 574.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 169.32 574.10 Td (spent ) Tj ET Q q 0 0 0 rg BT 193.40 574.10 Td (on ) Tj ET Q q 0 0 0 rg BT 206.37 574.10 Td (reclamation ) Tj ET Q q 0 0 0 rg BT 256.53 574.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 295.60 574.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.12 574.10 Td ($987,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.62 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.59 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 365.34 574.10 Td (First ) Tj ET Q q 0 0 0 rg BT 386.65 574.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 420.15 574.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 443.12 574.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 485.51 574.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.26 574.10 Td ($1,395,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.26 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.23 574.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (First ) Tj ET Q q 0 0 0 rg BT 70.88 562.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 103.95 562.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 128.98 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.34 562.10 Td (The ) Tj ET Q q 0 0 0 rg BT 149.42 562.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 184.16 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.48 562.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 233.11 562.10 Td (working ) Tj ET Q q 0 0 0 rg BT 268.98 562.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 298.16 562.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 335.12 562.10 Td (related ) Tj ET Q q 0 0 0 rg BT 364.86 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.17 562.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 419.36 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 429.68 562.10 Td (First ) Tj ET Q q 0 0 0 rg BT 450.55 562.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 483.63 562.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 506.16 562.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 544.24 562.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 550.10 Td ($1,297,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 108.33 550.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 150.25 550.10 Td (with ) Tj ET Q q 0 0 0 rg BT 170.53 550.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 190.80 550.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 228.85 550.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.68 550.10 Td ($6,378,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.68 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 287.18 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.46 550.10 Td (First ) Tj ET Q q 0 0 0 rg BT 318.30 550.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 351.33 550.10 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 89.72 526.10 Td (activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.54 502.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 89.30 502.10 Td (used ) Tj ET Q q 0 0 0 rg BT 110.62 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.39 502.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 161.04 502.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 200.13 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.90 502.10 Td (First ) Tj ET Q q 0 0 0 rg BT 232.23 502.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 265.76 502.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 288.75 502.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.29 502.10 Td ($1,686,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.29 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.28 502.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 397.70 502.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.47 502.10 Td ($4,958,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.47 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.46 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 477.23 502.10 Td (First ) Tj ET Q q 0 0 0 rg BT 498.56 502.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 532.08 502.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 557.58 502.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (change ) Tj ET Q q 0 0 0 rg BT 81.15 490.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.31 490.10 Td ($3,272,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.31 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 142.64 490.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 186.02 490.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 206.62 490.10 Td (used ) Tj ET Q q 0 0 0 rg BT 227.78 490.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 248.38 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.54 490.10 Td ($235,000 ) Tj ET Q q 0 0 0 rg BT 299.87 490.10 Td (as ) Tj ET Q q 0 0 0 rg BT 311.04 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 318.31 490.10 Td (result ) Tj ET Q q 0 0 0 rg BT 343.35 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.52 490.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 397.34 490.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 437.37 490.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 457.97 490.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 493.58 490.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 524.19 490.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.22 490.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (workers' ) Tj ET Q q 0 0 0 rg BT 86.60 478.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 144.73 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 155.09 478.10 Td (First ) Tj ET Q q 0 0 0 rg BT 176.02 478.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 209.14 478.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 231.72 478.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 273.73 478.10 Td (with ) Tj ET Q q 0 0 0 rg BT 294.10 478.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 314.45 478.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 352.58 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.50 478.10 Td ($310,000 ) Tj ET Q q 0 0 0 rg BT 403.58 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.95 478.10 Td (First ) Tj ET Q q 0 0 0 rg BT 434.87 478.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 468.00 478.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 490.58 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 501.50 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 508.52 478.10 Td (result ) Tj ET Q q 0 0 0 rg BT 533.32 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.24 478.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 89.55 466.10 Td (releases. ) Tj ET Q q 0 0 0 rg BT 126.05 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 128.40 466.10 Td (Property) Tj ET Q q 0 0 0 rg BT 162.19 466.10 Td (, ) Tj ET Q q 0 0 0 rg BT 167.04 466.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 189.39 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.18 466.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 250.75 466.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 289.76 466.10 Td (were ) Tj ET Q q 0 0 0 rg BT 311.54 466.10 Td ($2,007,000 ) Tj ET Q q 0 0 0 rg BT 358.90 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 369.03 466.10 Td (First ) Tj ET Q q 0 0 0 rg BT 389.72 466.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 422.61 466.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 444.96 466.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 486.74 466.10 Td (with ) Tj ET Q q 0 0 0 rg BT 506.87 466.10 Td ($5,154,000 ) Tj ET Q q 0 0 0 rg BT 554.22 466.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (First ) Tj ET Q q 0 0 0 rg BT 70.84 454.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 103.88 454.10 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 92.50 430.10 Td (activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (In ) Tj ET Q q 0 0 0 rg BT 59.98 406.10 Td (First ) Tj ET Q q 0 0 0 rg BT 79.96 406.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 112.15 406.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 136.29 406.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 155.71 406.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 192.90 406.10 Td (by ) Tj ET Q q 0 0 0 rg BT 204.55 406.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 243.96 406.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 281.71 406.10 Td (was ) Tj ET Q q 0 0 0 rg BT 298.91 406.10 Td ($6,659,000 ) Tj ET Q q 0 0 0 rg BT 345.55 406.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 386.62 406.10 Td (with ) Tj ET Q q 0 0 0 rg BT 406.05 406.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 425.46 406.10 Td (used ) Tj ET Q q 0 0 0 rg BT 445.44 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.42 406.10 Td ($1,186,000 ) Tj ET Q q 0 0 0 rg BT 502.07 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 511.49 406.10 Td (First ) Tj ET Q q 0 0 0 rg BT 531.48 406.10 Td (Quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 73.97 394.10 Td (an ) Tj ET Q q 0 0 0 rg BT 84.89 394.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 119.12 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.92 394.10 Td ($7,845,000. ) Tj ET Q q 0 0 0 rg BT 177.90 394.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 193.81 394.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 230.82 394.10 Td (from ) Tj ET Q q 0 0 0 rg BT 251.73 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.42 394.10 Td (private ) Tj ET Q q 0 0 0 rg BT 294.66 394.10 Td (placement ) Tj ET Q q 0 0 0 rg BT 337.23 394.10 Td (that ) Tj ET Q q 0 0 0 rg BT 353.70 394.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 390.15 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.40 394.10 Td (March ) Tj ET Q q 0 0 0 rg BT 426.97 394.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 448.45 394.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 485.47 394.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 504.71 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.52 394.10 Td ($7,953,000. ) Tj ET Q q 0 0 0 rg BT 564.52 394.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 89.05 382.10 Td (from ) Tj ET Q q 0 0 0 rg BT 111.44 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.60 382.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 167.88 382.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 193.59 382.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 224.86 382.10 Td (were ) Tj ET Q q 0 0 0 rg BT 247.24 382.10 Td ($500,000 ) Tj ET Q q 0 0 0 rg BT 287.69 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 298.41 382.10 Td (First ) Tj ET Q q 0 0 0 rg BT 319.70 382.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 353.19 382.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 378.64 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 381.59 382.10 Td (Repayment ) Tj ET Q q 0 0 0 rg BT 430.08 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.36 382.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 465.42 382.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 499.46 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.19 382.10 Td (First ) Tj ET Q q 0 0 0 rg BT 531.47 382.10 Td (Quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 71.68 370.10 Td (used ) Tj ET Q q 0 0 0 rg BT 91.68 370.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 111.13 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.13 370.10 Td ($597,000 ) Tj ET Q q 0 0 0 rg BT 160.31 370.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 201.41 370.10 Td (with ) Tj ET Q q 0 0 0 rg BT 220.86 370.10 Td ($409,000 ) Tj ET Q q 0 0 0 rg BT 260.04 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.50 370.10 Td (First ) Tj ET Q q 0 0 0 rg BT 289.51 370.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 321.73 370.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 345.90 370.10 Td (Repayment ) Tj ET Q q 0 0 0 rg BT 393.12 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.13 370.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 434.23 370.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 455.89 370.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 502.01 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 511.46 370.10 Td (First ) Tj ET Q q 0 0 0 rg BT 531.48 370.10 Td (Quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 72.50 358.10 Td (used ) Tj ET Q q 0 0 0 rg BT 93.33 358.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 113.60 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.43 358.10 Td ($1,155,000 ) Tj ET Q q 0 0 0 rg BT 171.93 358.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 213.85 358.10 Td (with ) Tj ET Q q 0 0 0 rg BT 234.13 358.10 Td ($777,000 ) Tj ET Q q 0 0 0 rg BT 274.13 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.41 358.10 Td (First ) Tj ET Q q 0 0 0 rg BT 305.25 358.10 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 338.29 358.10 Td (2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 84.17 334.10 Td (Expenditur) Tj ET Q q 0 0 0 rg BT 132.89 334.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.74 310.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 114.14 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.76 310.10 Td (development ) Tj ET Q q 0 0 0 rg BT 186.60 310.10 Td (added ) Tj ET Q q 0 0 0 rg BT 213.67 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.63 310.10 Td (property) Tj ET Q q 0 0 0 rg BT 257.86 310.10 Td (, ) Tj ET Q q 0 0 0 rg BT 263.55 310.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 286.73 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.36 310.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 349.76 310.10 Td (for ) Tj ET Q q 0 0 0 rg BT 364.61 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.01 310.10 Td (three ) Tj ET Q q 0 0 0 rg BT 403.19 310.10 Td (months ) Tj ET Q q 0 0 0 rg BT 435.83 310.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 462.89 310.10 Td (March ) Tj ET Q q 0 0 0 rg BT 492.18 310.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 507.87 310.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 531.05 310.10 Td (were ) Tj ET Q q 0 0 0 rg BT 553.67 310.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 287.60 201.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 287.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 287.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 257.60 201.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 257.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 257.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 227.60 201.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 227.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 227.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 197.60 201.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 197.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 197.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 167.60 201.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 167.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 167.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 137.60 201.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 137.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 137.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 107.60 201.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 107.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 107.60 66.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 212.60000000000002 m 444.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 137.60000000000002 m 444.5 137.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 107.60000000000002 m 444.5 107.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 93.60000000000002 m 444.5 93.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 91.60000000000002 m 444.5 91.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.00 277.28 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.00 262.27 Td (Maintenance capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.00 247.27 Td (Deep mines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 247.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 247.27 Td (280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.00 232.27 Td (Surface mines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 232.27 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.00 217.27 Td (Plant) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 217.27 Td (535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 202.27 Td (847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.00 187.27 Td (Growth capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.00 172.27 Td (Deep mines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 172.27 Td (1,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.00 157.27 Td (Surface mines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 157.27 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.00 142.27 Td (Plant) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 142.27 Td (188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 127.27 Td (1,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 97.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 97.27 Td (2,765) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.10 Td (Corsa) Tj ET Q q 0 0 0 rg BT 76.11 69.10 Td (s ) Tj ET Q q 0 0 0 rg BT 82.61 69.10 Td (future ) Tj ET Q q 0 0 0 rg BT 109.10 69.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 147.83 69.10 Td (on ) Tj ET Q q 0 0 0 rg BT 160.44 69.10 Td (property) Tj ET Q q 0 0 0 rg BT 193.67 69.10 Td (, ) Tj ET Q q 0 0 0 rg BT 198.78 69.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 221.39 69.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.44 69.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 283.27 69.10 Td (at ) Tj ET Q q 0 0 0 rg BT 293.10 69.10 Td (its ) Tj ET Q q 0 0 0 rg BT 305.16 69.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 349.43 69.10 Td (will ) Tj ET Q q 0 0 0 rg BT 367.60 69.10 Td (be ) Tj ET Q q 0 0 0 rg BT 379.65 69.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 423.36 69.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 445.97 69.10 Td (market ) Tj ET Q q 0 0 0 rg BT 476.35 69.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 523.13 69.10 Td (achieving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 94.65 57.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 116.00 57.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.79 57.10 Td (return ) Tj ET Q q 0 0 0 rg BT 153.13 57.10 Td (on ) Tj ET Q q 0 0 0 rg BT 165.60 57.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 211.95 57.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.85 57.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 269.08 57.10 Td (availability) Tj ET Q q 0 0 0 rg BT 313.42 57.10 Td (. ) Tj ET Q q 0 0 0 rg BT 318.21 57.10 Td (The ) Tj ET Q q 0 0 0 rg BT 336.22 57.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 364.80 57.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.59 57.10 Td (development ) Tj ET Q q 0 0 0 rg BT 429.71 57.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.51 57.10 Td (Corsa) Tj ET Q q 0 0 0 rg BT 466.61 57.10 Td (s ) Tj ET Q q 0 0 0 rg BT 472.97 57.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 492.09 57.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 534.54 57.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.57 57.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 45.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 93.59 45.10 Td (on ) Tj ET Q q 0 0 0 rg BT 106.09 45.10 Td (market ) Tj ET Q q 0 0 0 rg BT 136.36 45.10 Td (conditions.) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (17) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 728.53505859375 m 118.056640625 728.53505859375 l s q 0 0 0 rg BT 50.00 730.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 73.05 730.10 Td (Covenants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 75.77 706.10 Td (has ) Tj ET Q q 0 0 0 rg BT 91.54 706.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 121.18 706.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 163.60 706.10 Td (it ) Tj ET Q q 0 0 0 rg BT 171.60 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 180.71 706.10 Td (required ) Tj ET Q q 0 0 0 rg BT 216.46 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.68 706.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 248.55 706.10 Td (under ) Tj ET Q q 0 0 0 rg BT 273.76 706.10 Td (its ) Tj ET Q q 0 0 0 rg BT 285.65 706.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 317.51 706.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 339.93 706.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 386.82 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.69 706.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 433.33 706.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 456.88 706.10 Td (payable. ) Tj ET Q q 0 0 0 rg BT 492.92 706.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 524.79 706.10 Td (measures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (included ) Tj ET Q q 0 0 0 rg BT 87.69 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.72 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.20 694.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 153.55 694.10 Td (calculations ) Tj ET Q q 0 0 0 rg BT 204.56 694.10 Td (are ) Tj ET Q q 0 0 0 rg BT 220.02 694.10 Td (not ) Tj ET Q q 0 0 0 rg BT 236.06 694.10 Td (readily ) Tj ET Q q 0 0 0 rg BT 267.08 694.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 315.87 694.10 Td (from ) Tj ET Q q 0 0 0 rg BT 338.56 694.10 Td (Corsa) Tj ET Q q 0 0 0 rg BT 364.67 694.10 Td (s ) Tj ET Q q 0 0 0 rg BT 371.82 694.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 425.62 694.10 Td (income ) Tj ET Q q 0 0 0 rg BT 458.31 694.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 499.88 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 511.47 694.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 84.01 682.10 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 110.28 682.10 Td (These ) Tj ET Q q 0 0 0 rg BT 137.63 682.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 178.31 682.10 Td (are ) Tj ET Q q 0 0 0 rg BT 193.99 682.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 240.78 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.03 682.10 Td (be ) Tj ET Q q 0 0 0 rg BT 264.94 682.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 312.35 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.83 682.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 354.28 682.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 394.96 682.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 415.37 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 427.18 682.10 Td (such, ) Tj ET Q q 0 0 0 rg BT 451.48 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 459.40 682.10 Td (further ) Tj ET Q q 0 0 0 rg BT 490.08 682.10 Td (description ) Tj ET Q q 0 0 0 rg BT 537.98 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 682.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 88.59 670.10 Td (calculations ) Tj ET Q q 0 0 0 rg BT 138.85 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 148.02 670.10 Td (included ) Tj ET Q q 0 0 0 rg BT 184.96 670.10 Td (below) Tj ET Q q 0 0 0 rg BT 208.75 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 213.75 670.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 239.58 670.10 Td (was ) Tj ET Q q 0 0 0 rg BT 257.63 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.91 670.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 316.49 670.10 Td (with ) Tj ET Q q 0 0 0 rg BT 336.77 670.10 Td (all ) Tj ET Q q 0 0 0 rg BT 349.27 670.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 391.75 670.10 Td (at ) Tj ET Q q 0 0 0 rg BT 401.47 670.10 Td (March ) Tj ET Q q 0 0 0 rg BT 430.07 670.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 445.07 670.10 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 644.7669921875 m 143.2958984375 644.7669921875 l s q 0 0 0 rg BT 50.00 646.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 92.49 646.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 112.20 646.10 Td (payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.49 622.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 111.42 622.10 Td (required ) Tj ET Q q 0 0 0 rg BT 147.67 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.39 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 170.77 622.10 Td (met ) Tj ET Q q 0 0 0 rg BT 188.71 622.10 Td (are ) Tj ET Q q 0 0 0 rg BT 203.86 622.10 Td (described ) Tj ET Q q 0 0 0 rg BT 245.12 622.10 Td (below ) Tj ET Q q 0 0 0 rg BT 272.50 622.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.10 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.26 622.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 327.42 622.10 Td (facility) Tj ET Q q 0 0 0 rg BT 355.09 622.10 Td (. ) Tj ET Q q 0 0 0 rg BT 360.53 622.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 383.47 622.10 Td (measurements ) Tj ET Q q 0 0 0 rg BT 443.62 622.10 Td (are ) Tj ET Q q 0 0 0 rg BT 458.76 622.10 Td (made ) Tj ET Q q 0 0 0 rg BT 483.36 622.10 Td (on ) Tj ET Q q 0 0 0 rg BT 496.30 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.46 622.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (results ) Tj ET Q q 0 0 0 rg BT 78.61 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.44 610.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 115.27 610.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 157.20 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.92 610.10 Td (CAPP) Tj ET Q q 0 0 0 rg BT 196.56 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.06 610.10 Td (Division.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td (Maintain ) Tj ET Q q 0 0 0 rg BT 124.60 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 131.54 586.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 172.93 586.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 193.20 586.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 226.23 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.06 586.10 Td ($1,000,000, ) Tj ET Q q 0 0 0 rg BT 287.06 586.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 329.00 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.71 586.10 Td (CAPP) Tj ET Q q 0 0 0 rg BT 368.36 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 370.86 586.10 Td (Division ) Tj ET Q q 0 0 0 rg BT 407.81 586.10 Td (\(measured ) Tj ET Q q 0 0 0 rg BT 451.95 586.10 Td (monthly\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td (Maintain ) Tj ET Q q 0 0 0 rg BT 124.60 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 131.54 574.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 165.71 574.10 Td (working ) Tj ET Q q 0 0 0 rg BT 201.54 574.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 230.69 574.10 Td (balance, ) Tj ET Q q 0 0 0 rg BT 266.22 574.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 308.15 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.87 574.10 Td (CAPP) Tj ET Q q 0 0 0 rg BT 347.51 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 350.01 574.10 Td (Division ) Tj ET Q q 0 0 0 rg BT 386.96 574.10 Td (\(measured ) Tj ET Q q 0 0 0 rg BT 431.11 574.10 Td (monthly\)) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 548.7669921875 m 127.9541015625 548.7669921875 l s q 0 0 0 rg BT 50.00 550.10 Td (CAPP) Tj ET Q q 0 0 0 rg BT 74.64 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.14 550.10 Td (note ) Tj ET Q q 0 0 0 rg BT 96.86 550.10 Td (payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.25 526.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 112.95 526.10 Td (required ) Tj ET Q q 0 0 0 rg BT 149.97 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 161.46 526.10 Td (be ) Tj ET Q q 0 0 0 rg BT 174.60 526.10 Td (met ) Tj ET Q q 0 0 0 rg BT 193.30 526.10 Td (are ) Tj ET Q q 0 0 0 rg BT 209.22 526.10 Td (described ) Tj ET Q q 0 0 0 rg BT 251.24 526.10 Td (below ) Tj ET Q q 0 0 0 rg BT 279.39 526.10 Td (for ) Tj ET Q q 0 0 0 rg BT 294.76 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.68 526.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 336.60 526.10 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 384.45 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 388.16 526.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 411.87 526.10 Td (measurements ) Tj ET Q q 0 0 0 rg BT 472.78 526.10 Td (are ) Tj ET Q q 0 0 0 rg BT 488.69 526.10 Td (made ) Tj ET Q q 0 0 0 rg BT 514.05 526.10 Td (on ) Tj ET Q q 0 0 0 rg BT 527.76 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.69 526.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.04 514.10 Td (results ) Tj ET Q q 0 0 0 rg BT 131.65 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.48 514.10 Td (Kopper ) Tj ET Q q 0 0 0 rg BT 174.97 514.10 Td (Glo ) Tj ET Q q 0 0 0 rg BT 192.47 514.10 Td (Mining, ) Tj ET Q q 0 0 0 rg BT 226.92 514.10 Td (LLC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 490.10 Td (Maintain ) Tj ET Q q 0 0 0 rg BT 124.09 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 130.52 490.10 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 172.51 490.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 192.27 490.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 214.26 490.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 236.81 490.10 Td (Coverage ) Tj ET Q q 0 0 0 rg BT 277.11 490.10 Td (Ratio) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 298.78 494.63 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.36 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 308.35 490.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 338.09 490.10 Td (than ) Tj ET Q q 0 0 0 rg BT 357.29 490.10 Td (1.05 ) Tj ET Q q 0 0 0 rg BT 376.78 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 390.43 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.64 490.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 440.49 490.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 470.79 490.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 496.66 490.10 Td (March ) Tj ET Q q 0 0 0 rg BT 524.75 490.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 539.23 490.10 Td (2016; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.98 478.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 135.27 478.10 Td (than ) Tj ET Q q 0 0 0 rg BT 156.02 478.10 Td (1.10 ) Tj ET Q q 0 0 0 rg BT 177.06 478.10 Td (for ) Tj ET Q q 0 0 0 rg BT 192.25 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.01 478.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 245.40 478.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 277.26 478.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 308.01 478.10 Td (June ) Tj ET Q q 0 0 0 rg BT 329.88 478.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 345.91 478.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 369.45 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.43 478.10 Td (each ) Tj ET Q q 0 0 0 rg BT 409.28 478.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 446.68 478.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 478.53 478.10 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 520.37 478.10 Td (\(measured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 466.10 Td (quarterly\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 454.10 Td (Maintain ) Tj ET Q q 0 0 0 rg BT 124.60 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 131.54 454.10 Td (Maximum ) Tj ET Q q 0 0 0 rg BT 175.71 454.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 195.98 454.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 218.48 454.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 241.54 454.10 Td (Leverage ) Tj ET Q q 0 0 0 rg BT 281.23 454.10 Td (Ratio) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 302.89 458.63 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.47 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 312.97 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.80 454.10 Td (not ) Tj ET Q q 0 0 0 rg BT 339.08 454.10 Td (more ) Tj ET Q q 0 0 0 rg BT 362.13 454.10 Td (than ) Tj ET Q q 0 0 0 rg BT 381.84 454.10 Td (3.50 ) Tj ET Q q 0 0 0 rg BT 401.84 454.10 Td (\(measured ) Tj ET Q q 0 0 0 rg BT 445.99 454.10 Td (annually\); ) Tj ET Q q 0 0 0 rg BT 489.03 454.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 442.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 442.10 Td (Maintain ) Tj ET Q q 0 0 0 rg BT 124.60 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 131.54 442.10 Td (Maximum ) Tj ET Q q 0 0 0 rg BT 175.71 442.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 210.41 442.10 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 235.13 442.10 Td (Leverage ) Tj ET Q q 0 0 0 rg BT 274.82 442.10 Td (Ratio) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 296.48 446.63 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.06 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 306.56 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.39 442.10 Td (not ) Tj ET Q q 0 0 0 rg BT 332.67 442.10 Td (more ) Tj ET Q q 0 0 0 rg BT 355.72 442.10 Td (than ) Tj ET Q q 0 0 0 rg BT 375.43 442.10 Td (1.50 ) Tj ET Q q 0 0 0 rg BT 395.43 442.10 Td (\(measured ) Tj ET Q q 0 0 0 rg BT 439.58 442.10 Td (annually\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 418.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 98.87 418.10 Td (will ) Tj ET Q q 0 0 0 rg BT 116.92 418.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 144.41 418.10 Td (on ) Tj ET Q q 0 0 0 rg BT 156.91 418.10 Td (January ) Tj ET Q q 0 0 0 rg BT 190.51 418.10 Td (10, ) Tj ET Q q 0 0 0 rg BT 205.51 418.10 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 398.63 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.58 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 60.08 394.10 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 102.58 394.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 122.85 394.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 145.35 394.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 168.41 394.10 Td (Coverage ) Tj ET Q q 0 0 0 rg BT 209.23 394.10 Td (Ratio ) Tj ET Q q 0 0 0 rg BT 233.39 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 242.56 394.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 283.38 394.10 Td (as:) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 131.15 368.7669921875 m 480.759375 368.7669921875 l s q 0 0 0 rg BT 131.15 370.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 167.26 370.10 Td ( - Maintenance Capital - Distributions for federal, state and local income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.55 358.10 Td (Current Maturities of Long ) Tj ET Q q 0 0 0 rg BT 301.46 358.10 Td (T) Tj ET Q q 0 0 0 rg BT 306.87 358.10 Td (erm Debt + Interest Expense) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 338.63 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.58 334.10 Td ( Free Cash Flow Leverage Ratio is measured as:) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 261.8 308.7669921875 m 350.110546875 308.7669921875 l s q 0 0 0 rg BT 261.80 310.10 Td (Funded External Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.15 298.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 167.26 298.10 Td ( - Maintenance Capital - Distributions for federal, state and local income taxes) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 278.63 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.58 274.10 Td ( Balance Sheet Leverage Ratio is measured as:) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 274.25 248.76699218750002 m 337.7021484375 248.76699218750002 l s q 0 0 0 rg BT 274.25 250.10 Td (T) Tj ET Q q 0 0 0 rg BT 279.66 250.10 Td (otal Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.35 238.10 Td (T) Tj ET Q q 0 0 0 rg BT 189.76 238.10 Td (angible Net ) Tj ET Q q 0 0 0 rg BT 238.45 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 247.09 238.10 Td (orth - Mineral Reserves - Mine Development) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (18) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 133.49609375 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (NAPP) Tj ET Q q 0 0 0 rg BT 75.20 742.10 Td ( finance leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (The covenants required to be met are described below for the noted leases. Such measurements are made on the consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (results of ) Tj ET Q q 0 0 0 rg BT 89.26 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 98.30 706.10 Td (ilson Creek Ener) Tj ET Q q 0 0 0 rg BT 165.32 706.10 Td (gy) Tj ET Q q 0 0 0 rg BT 174.67 706.10 Td (, LLC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td (Debt service coverage ratio) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 195.66 686.63 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.24 682.10 Td ( must exceed 1.25 to 1.00 \(measured quarterly\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 670.10 Td (Debt to tangible net worth) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 190.98 674.63 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.55 670.10 Td ( must not exceed 2.0 to 1.0 \(required to be maintained at all times\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 650.63 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.58 646.10 Td ( Debt Service Coverage Ratio is measured as:) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 261.6 620.7669921875 m 347.1322265625 620.7669921875 l s q 0 0 0 rg BT 261.60 622.10 Td (Adjusted Net Income) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 347.13 626.63 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.10 610.10 Td (T) Tj ET Q q 0 0 0 rg BT 126.51 610.10 Td (otal Payments Made on Financed Debt + Of) Tj ET Q q 0 0 0 rg BT 302.77 610.10 Td (f-balance Sheet Obligations + Interest Expense) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 590.63 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.58 586.10 Td ( Debt to ) Tj ET Q q 0 0 0 rg BT 92.11 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 97.52 586.10 Td (angible Net ) Tj ET Q q 0 0 0 rg BT 146.22 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 154.85 586.10 Td (orth is measured as:) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117.45 560.7669921875 m 494.5447265625 560.7669921875 l s q 0 0 0 rg BT 117.45 562.10 Td (Outstanding Balance of all Financed Debt + Of) Tj ET Q q 0 0 0 rg BT 306.47 562.10 Td (f-balance Sheet Obligations + Interest Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.95 550.10 Td (T) Tj ET Q q 0 0 0 rg BT 251.36 550.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 268.30 550.10 Td (Assets - ) Tj ET Q q 0 0 0 rg BT 302.57 550.10 Td (T) Tj ET Q q 0 0 0 rg BT 307.98 550.10 Td (otal Liabilities) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 530.63 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.25 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 55.20 526.10 Td (Adjusted net income is defined as Net Income + Non-cash Expenditures + Rent Expense + Interest Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Financed debt includes notes payable, finance leases and other institutional debt.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 476.53505859375 m 153.6181640625 476.53505859375 l s q 0 0 0 rg BT 50.00 478.10 Td (Contractual ) Tj ET Q q 0 0 0 rg BT 104.16 478.10 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 75.83 454.10 Td (has ) Tj ET Q q 0 0 0 rg BT 91.66 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.38 454.10 Td (following ) Tj ET Q q 0 0 0 rg BT 147.76 454.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 194.68 454.10 Td (obligations:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 371.60 158.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 371.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 371.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 371.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 371.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 371.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 371.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 371.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 371.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 371.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 371.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 371.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 371.60 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 341.60 158.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 341.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 341.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 341.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 341.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 341.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 341.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 341.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 341.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 341.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 341.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 341.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 341.60 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 311.60 158.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 311.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 311.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 311.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 311.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 311.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 311.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 311.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 311.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 311.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 311.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 311.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 311.60 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 281.60 158.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 281.60 11.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 281.60 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 281.60 11.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 281.60 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 281.60 11.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 281.60 51.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 281.60 11.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 281.60 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 281.60 11.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 281.60 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 281.60 11.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 281.60 40.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 416.6 m 344.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 401.6 m 344.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 416.6 m 355.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 401.6 m 355.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 416.6 m 406.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 401.6 m 406.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 416.6 m 417.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 401.6 m 417.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 416.6 m 458.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 401.6 m 458.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 416.6 m 469.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 401.6 m 469.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 416.6 m 510.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 401.6 m 510.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 416.6 m 521.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 401.6 m 521.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 416.6 m 561.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 401.6 m 561.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 371.6 m 285.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 371.6 m 344.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 371.6 m 406.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 371.6 m 458.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 371.6 m 510.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 371.6 m 561.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 371.6 m 344.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 371.6 m 406.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 371.6 m 458.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 371.6 m 510.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 371.6 m 561.5 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 256.6 m 285.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 242.60000000000002 m 285.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 240.60000000000002 m 285.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 256.6 m 344.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 242.60000000000002 m 344.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 240.60000000000002 m 344.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 256.6 m 406.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 242.60000000000002 m 406.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 240.60000000000002 m 406.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 256.6 m 458.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 242.60000000000002 m 458.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 240.60000000000002 m 458.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 256.6 m 510.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 242.60000000000002 m 510.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 240.60000000000002 m 510.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 256.6 m 561.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 242.60000000000002 m 561.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 240.60000000000002 m 561.5 240.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.75 421.28 Td (Carrying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.00 406.28 Td (Value at) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.95 406.28 Td (Payments due by period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.65 391.28 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.45 391.28 Td (Less Than) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.55 391.28 Td (1 to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.55 391.28 Td (4 to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.95 391.28 Td (After 5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 376.28 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.50 376.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.05 376.28 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.00 376.28 Td (1 Year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.95 376.28 Td (3 Years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.95 376.28 Td (5 Years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.05 376.28 Td (Years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 361.27 Td (Accounts payable and accruals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 361.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.15 361.27 Td (12,628) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.00 361.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.10 361.27 Td (12,628) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 361.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 361.27 Td (12,628) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 361.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 361.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 361.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 361.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 361.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 361.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 346.27 Td (Notes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.15 346.27 Td (6,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 346.27 Td (6,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 346.27 Td (4,083) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.10 346.27 Td (1,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 346.27 Td (142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 346.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 331.27 Td (Finance lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.15 331.27 Td (8,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 331.27 Td (8,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 331.27 Td (3,742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.10 331.27 Td (3,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 331.27 Td (583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 331.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 316.27 Td (Loan payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.15 316.27 Td (25,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.10 316.27 Td (29,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 316.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 316.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.10 316.27 Td (29,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 301.27 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.15 301.27 Td (22,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.10 301.27 Td (23,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 301.27 Td (8,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.10 301.27 Td (7,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.10 301.27 Td (3,282) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 301.27 Td (4,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 286.27 Td (Water treatment trust funding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.65 286.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 286.27 Td (9,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 286.27 Td (3,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.10 286.27 Td (6,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 286.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 286.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 271.27 Td (Operating leases and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 261.27 Td (obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.65 261.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 261.27 Td (1,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 261.27 Td (1,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 261.27 Td (248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 261.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 261.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 246.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 246.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.15 246.27 Td (74,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.00 246.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.10 246.27 Td (91,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 246.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 246.27 Td (33,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 246.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.10 246.27 Td (19,960) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 246.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.10 246.27 Td (33,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 246.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 246.27 Td (4,095) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 216.53505859375002 m 184.814453125 216.53505859375002 l s q 0 0 0 rg BT 50.00 218.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 98.89 218.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.39 218.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 143.90 218.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 176.48 218.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (This ) Tj ET Q q 0 0 0 rg BT 71.01 194.10 Td (MD&A) Tj ET Q q 0 0 0 rg BT 101.57 194.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.80 194.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 135.80 194.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 166.23 194.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 204.44 194.10 Td (measures, ) Tj ET Q q 0 0 0 rg BT 247.37 194.10 Td (not ) Tj ET Q q 0 0 0 rg BT 263.38 194.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 310.47 194.10 Td (under ) Tj ET Q q 0 0 0 rg BT 336.47 194.10 Td (International ) Tj ET Q q 0 0 0 rg BT 390.79 194.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 431.23 194.10 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 474.45 194.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 517.12 194.10 Td (\(IFRS ) Tj ET Q q 0 0 0 rg BT 553.68 194.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.10 Td (GAAP\), ) Tj ET Q q 0 0 0 rg BT 94.18 182.10 Td (as ) Tj ET Q q 0 0 0 rg BT 104.76 182.10 Td (used ) Tj ET Q q 0 0 0 rg BT 125.34 182.10 Td (by ) Tj ET Q q 0 0 0 rg BT 137.59 182.10 Td (management ) Tj ET Q q 0 0 0 rg BT 190.93 182.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.61 182.10 Td (readers ) Tj ET Q q 0 0 0 rg BT 238.73 182.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.31 182.10 Td (this ) Tj ET Q q 0 0 0 rg BT 266.00 182.10 Td (MD&A) Tj ET Q q 0 0 0 rg BT 296.56 182.10 Td ( ) Tj ET Q q 0 0 0 rg BT 298.81 182.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.84 182.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 344.40 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.86 182.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 398.33 182.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 451.10 182.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.67 182.10 Td (Corsa. ) Tj ET Q q 0 0 0 rg BT 489.75 182.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 514.22 182.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 543.67 182.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 76.86 170.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.81 170.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 117.74 170.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 157.90 170.10 Td (may ) Tj ET Q q 0 0 0 rg BT 178.06 170.10 Td (not ) Tj ET Q q 0 0 0 rg BT 193.79 170.10 Td (have ) Tj ET Q q 0 0 0 rg BT 215.62 170.10 Td (a ) Tj ET Q q 0 0 0 rg BT 223.01 170.10 Td (standardized ) Tj ET Q q 0 0 0 rg BT 276.49 170.10 Td (meaning ) Tj ET Q q 0 0 0 rg BT 313.88 170.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.26 170.10 Td (may ) Tj ET Q q 0 0 0 rg BT 351.43 170.10 Td (not ) Tj ET Q q 0 0 0 rg BT 367.16 170.10 Td (be ) Tj ET Q q 0 0 0 rg BT 379.55 170.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 429.14 170.10 Td (to ) Tj ET Q q 0 0 0 rg BT 439.87 170.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 470.59 170.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 510.75 170.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 552.02 170.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (other ) Tj ET Q q 0 0 0 rg BT 71.86 158.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 118.44 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.96 158.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 177.15 158.10 Td ( ) Tj ET Q q 0 0 0 rg BT 178.46 158.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 214.76 158.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 253.28 158.10 Td (are ) Tj ET Q q 0 0 0 rg BT 266.79 158.10 Td (clearly ) Tj ET Q q 0 0 0 rg BT 295.31 158.10 Td (defined, ) Tj ET Q q 0 0 0 rg BT 329.11 158.10 Td (quantified ) Tj ET Q q 0 0 0 rg BT 370.96 158.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.71 158.10 Td (reconciled ) Tj ET Q q 0 0 0 rg BT 429.67 158.10 Td (with ) Tj ET Q q 0 0 0 rg BT 448.76 158.10 Td (their ) Tj ET Q q 0 0 0 rg BT 468.39 158.10 Td (nearest ) Tj ET Q q 0 0 0 rg BT 498.02 158.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 524.88 158.10 Td ( ) Tj ET Q q 0 0 0 rg BT 526.19 158.10 Td (measure. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 81.15 146.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 117.85 146.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 156.77 146.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 190.12 146.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.62 146.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.11 146.10 Td (this ) Tj ET Q q 0 0 0 rg BT 225.28 146.10 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 260.61 146.10 Td (namely ) Tj ET Q q 0 0 0 rg BT 291.76 146.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 327.86 146.10 Td ( ) Tj ET Q q 0 0 0 rg BT 329.58 146.10 Td (\(earnings ) Tj ET Q q 0 0 0 rg BT 368.50 146.10 Td (before ) Tj ET Q q 0 0 0 rg BT 395.76 146.10 Td (deductions ) Tj ET Q q 0 0 0 rg BT 440.80 146.10 Td (for ) Tj ET Q q 0 0 0 rg BT 454.17 146.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 487.82 146.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 512.59 146.10 Td (depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td (and ) Tj ET Q q 0 0 0 rg BT 68.06 134.10 Td (amortization\); ) Tj ET Q q 0 0 0 rg BT 127.53 134.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 167.26 134.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 203.37 134.10 Td ( ) Tj ET Q q 0 0 0 rg BT 206.99 134.10 Td (\(EBITDA) Tj ET Q q 0 0 0 rg BT 246.43 134.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.05 134.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 287.00 134.10 Td (for ) Tj ET Q q 0 0 0 rg BT 302.28 134.10 Td (change ) Tj ET Q q 0 0 0 rg BT 334.22 134.10 Td (in ) Tj ET Q q 0 0 0 rg BT 345.62 134.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 382.56 134.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.51 134.10 Td (reclamation ) Tj ET Q q 0 0 0 rg BT 445.33 134.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 490.62 134.10 Td (for ) Tj ET Q q 0 0 0 rg BT 505.91 134.10 Td (non-operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 95.46 122.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 144.53 122.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.95 122.10 Td (write-of) Tj ET Q q 0 0 0 rg BT 193.97 122.10 Td (f ) Tj ET Q q 0 0 0 rg BT 200.28 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.58 122.10 Td (mineral ) Tj ET Q q 0 0 0 rg BT 245.10 122.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 288.06 122.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.48 122.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 341.20 122.10 Td (royalties, ) Tj ET Q q 0 0 0 rg BT 381.11 122.10 Td ( ) Tj ET Q q 0 0 0 rg BT 384.09 122.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 404.28 122.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 429.48 122.10 Td (on ) Tj ET Q q 0 0 0 rg BT 442.45 122.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 460.97 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.28 122.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 498.58 122.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.00 122.10 Td (other ) Tj ET Q q 0 0 0 rg BT 539.52 122.10 Td (costs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 99.38 110.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 159.58 110.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 197.85 110.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 229.44 110.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 267.71 110.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.32 110.10 Td (other ) Tj ET Q q 0 0 0 rg BT 307.03 110.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 345.30 110.10 Td (adjustments\); ) Tj ET Q q 0 0 0 rg BT 401.35 110.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 435.16 110.10 Td (price ) Tj ET Q q 0 0 0 rg BT 457.31 110.10 Td (per ) Tj ET Q q 0 0 0 rg BT 472.25 110.10 Td (ton ) Tj ET Q q 0 0 0 rg BT 487.19 110.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 506.03 110.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 523.75 110.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 542.57 110.10 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (divided ) Tj ET Q q 0 0 0 rg BT 82.60 98.10 Td (by ) Tj ET Q q 0 0 0 rg BT 95.20 98.10 Td (tons ) Tj ET Q q 0 0 0 rg BT 114.48 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.41 98.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 144.67 98.10 Td (sold\); ) Tj ET Q q 0 0 0 rg BT 170.05 98.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 190.43 98.10 Td (production ) Tj ET Q q 0 0 0 rg BT 236.35 98.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 255.07 98.10 Td (per ) Tj ET Q q 0 0 0 rg BT 270.44 98.10 Td (ton ) Tj ET Q q 0 0 0 rg BT 285.82 98.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 305.10 98.10 Td (\(cash ) Tj ET Q q 0 0 0 rg BT 328.80 98.10 Td (production ) Tj ET Q q 0 0 0 rg BT 374.73 98.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 397.33 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.27 98.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 430.31 98.10 Td (divided ) Tj ET Q q 0 0 0 rg BT 462.91 98.10 Td (by ) Tj ET Q q 0 0 0 rg BT 475.51 98.10 Td (tons ) Tj ET Q q 0 0 0 rg BT 494.79 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.72 98.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 524.98 98.10 Td (sold\) ) Tj ET Q q 0 0 0 rg BT 547.58 98.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.21 86.10 Td (mar) Tj ET Q q 0 0 0 rg BT 85.57 86.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 100.79 86.10 Td (per ) Tj ET Q q 0 0 0 rg BT 115.99 86.10 Td (ton ) Tj ET Q q 0 0 0 rg BT 131.21 86.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 150.31 86.10 Td (\(dif) Tj ET Q q 0 0 0 rg BT 164.57 86.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 196.42 86.10 Td (between ) Tj ET Q q 0 0 0 rg BT 232.17 86.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 266.25 86.10 Td (price ) Tj ET Q q 0 0 0 rg BT 288.67 86.10 Td (per ) Tj ET Q q 0 0 0 rg BT 303.88 86.10 Td (ton ) Tj ET Q q 0 0 0 rg BT 319.09 86.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 338.20 86.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.07 86.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 375.28 86.10 Td (production ) Tj ET Q q 0 0 0 rg BT 421.04 86.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 439.58 86.10 Td (per ) Tj ET Q q 0 0 0 rg BT 454.79 86.10 Td (ton ) Tj ET Q q 0 0 0 rg BT 470.00 86.10 Td (sold\), ) Tj ET Q q 0 0 0 rg BT 494.94 86.10 Td (are ) Tj ET Q q 0 0 0 rg BT 509.58 86.10 Td (not ) Tj ET Q q 0 0 0 rg BT 524.80 86.10 Td (measures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 96.36 74.10 Td (by ) Tj ET Q q 0 0 0 rg BT 108.86 74.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 134.98 74.10 Td (.) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 105.10 742.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 125.21 742.10 Td (EBITDA; ) Tj ET Q q 0 0 0 rg BT 166.91 742.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 205.91 742.10 Td (EBITDA; ) Tj ET Q q 0 0 0 rg BT 248.25 742.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 282.78 742.10 Td (price ) Tj ET Q q 0 0 0 rg BT 305.66 742.10 Td (per ) Tj ET Q q 0 0 0 rg BT 321.33 742.10 Td (ton ) Tj ET Q q 0 0 0 rg BT 337.00 742.10 Td (sold, ) Tj ET Q q 0 0 0 rg BT 359.07 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 379.73 742.10 Td (production ) Tj ET Q q 0 0 0 rg BT 425.95 742.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 444.96 742.10 Td (per ) Tj ET Q q 0 0 0 rg BT 460.62 742.10 Td (ton ) Tj ET Q q 0 0 0 rg BT 476.29 742.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 495.86 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.19 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 533.86 742.10 Td (mar) Tj ET Q q 0 0 0 rg BT 549.22 742.10 Td (gin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (per ) Tj ET Q q 0 0 0 rg BT 66.34 730.10 Td (ton ) Tj ET Q q 0 0 0 rg BT 82.69 730.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 102.92 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 114.82 730.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 148.94 730.10 Td (measurements ) Tj ET Q q 0 0 0 rg BT 209.71 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.61 730.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 262.94 730.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 317.03 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 332.26 730.10 Td (Corsa) Tj ET Q q 0 0 0 rg BT 358.37 730.10 Td (s ) Tj ET Q q 0 0 0 rg BT 365.83 730.10 Td (mining ) Tj ET Q q 0 0 0 rg BT 397.73 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.74 730.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 462.08 730.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 509.80 730.10 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 84.86 718.10 Td (these ) Tj ET Q q 0 0 0 rg BT 107.50 718.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 152.69 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.78 718.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 194.09 718.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 226.73 718.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 253.27 718.10 Td (information ) Tj ET Q q 0 0 0 rg BT 302.57 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 316.33 718.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 354.53 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 364.96 718.10 Td (they ) Tj ET Q q 0 0 0 rg BT 384.27 718.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 416.92 718.10 Td (information ) Tj ET Q q 0 0 0 rg BT 466.23 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 476.10 718.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 510.97 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.84 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.16 718.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 562.01 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 89.71 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.99 706.10 Td (assist ) Tj ET Q q 0 0 0 rg BT 124.16 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.43 706.10 Td (their ) Tj ET Q q 0 0 0 rg BT 155.26 706.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 199.41 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.24 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.96 706.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 265.22 706.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 318.24 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.07 706.10 Td (Corsa.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 680.53505859375 m 187.82958984375 680.53505859375 l s q 0 0 0 rg BT 50.00 682.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 87.79 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.29 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.36 682.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 149.76 682.10 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.72 658.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 113.75 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.36 658.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 187.51 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.01 658.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 243.20 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.37 658.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 281.47 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.65 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.25 658.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 345.44 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.13 658.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 385.41 658.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 421.52 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 423.69 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.64 658.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 450.25 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.85 658.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 529.56 658.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 549.79 658.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (nearest ) Tj ET Q q 0 0 0 rg BT 80.82 646.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 107.67 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.17 646.10 Td (measure, ) Tj ET Q q 0 0 0 rg BT 148.49 646.10 Td (is ) Tj ET Q q 0 0 0 rg BT 157.66 646.10 Td (as ) Tj ET Q q 0 0 0 rg BT 168.49 646.10 Td (follows:) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 620.53505859375 m 106.123046875 620.53505859375 l s q 0 0 0 rg BT 50.00 622.10 Td (Consolidated) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 566.60 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 566.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 566.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 566.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 566.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 536.60 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 536.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 536.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 536.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 536.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 506.60 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 506.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 506.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 506.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 506.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 476.60 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 476.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 476.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 476.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 476.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 446.60 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 446.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 446.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 446.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 446.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 416.60 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 416.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 416.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 416.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 416.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 386.60 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 386.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 386.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 386.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 386.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 356.60 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 356.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 356.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 356.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 356.60 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 581.6 m 492.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 581.6 m 503.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 581.6 m 561.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 566.6 m 492.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 566.6 m 561.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 491.6 m 492.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 491.6 m 561.5 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 341.6 m 492.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 327.6 m 492.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 325.6 m 492.5 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 341.6 m 561.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 327.6 m 561.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 325.6 m 561.5 325.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.00 601.28 Td (For the three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 586.28 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 571.28 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.50 571.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 571.28 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 556.27 Td (Net and comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 556.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 556.32 Td (\(8,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 556.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 556.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 556.32 Td (\(25,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 556.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 541.27 Td (Add \(Deduct\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 526.27 Td (Amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 526.27 Td (4,587) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 526.27 Td (8,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 511.27 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 511.27 Td (915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 511.27 Td (763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 496.27 Td (Income tax expense \(recovery\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 496.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 496.27 Td (264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 481.27 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 481.32 Td (\(2,795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 481.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 481.32 Td (\(16,052) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 481.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 451.27 Td (Add \(Deduct\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 436.27 Td (Change in estimate of reclamation provision for non-operating properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 436.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 436.27 Td (1,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 421.27 Td (Impairment and write-off of mineral properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 421.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 421.27 Td (12,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 406.27 Td (Write-off of advance royalties and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 406.27 Td (126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 406.27 Td (826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 391.27 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 391.27 Td (558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 391.27 Td (891) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 376.27 Td (Net finance \(income\) expense, excluding interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 376.27 Td (1,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 376.32 Td (\(194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 376.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 361.27 Td (Gain on disposal of assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 361.32 Td (\(438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 361.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 361.32 Td (\(297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 361.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 346.27 Td (Other costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 346.27 Td (411) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 346.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 331.27 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 331.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 331.32 Td (\(619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 331.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 331.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 331.32 Td (\(648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 331.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (20) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 113.6181640625 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 76.11 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.61 742.25 Td (Division) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 686.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 686.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 686.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 686.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 686.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 656.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 656.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 656.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 656.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 656.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 626.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 626.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 626.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 626.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 626.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 596.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 596.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 596.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 596.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 596.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 566.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 566.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 566.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 566.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 566.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 536.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 536.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 536.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 536.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 536.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 506.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 506.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 506.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 506.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 506.75 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 701.75 m 492.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 701.75 m 503.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 701.75 m 561.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 686.75 m 492.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 686.75 m 561.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 626.75 m 492.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 626.75 m 561.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 491.75 m 492.5 491.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 477.75 m 492.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 475.75 m 492.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 491.75 m 561.5 491.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 477.75 m 561.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 475.75 m 561.5 475.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.00 721.43 Td (For the three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 706.43 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 691.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.50 691.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 691.43 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 676.42 Td (Net and comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 676.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 676.47 Td (\(4,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 676.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 676.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 676.47 Td (\(13,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 676.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 661.42 Td (Add \(Deduct\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 646.42 Td (Amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 646.42 Td (3,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 646.42 Td (6,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 631.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 631.42 Td (151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 631.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 616.42 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 616.47 Td (\(876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 616.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 616.47 Td (\(6,372) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 616.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 586.42 Td (Add \(Deduct\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 571.42 Td (Change in estimate of reclamation provision for non-operating properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 571.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 571.42 Td (1,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 556.42 Td (Impairment and write-off of mineral properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 556.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 556.42 Td (3,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 541.42 Td (Write-off of advance royalties and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 541.42 Td (126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 541.42 Td (826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 526.42 Td (Net finance \(income\) expense, excluding interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 526.42 Td (291) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 526.42 Td (643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 511.42 Td (Gain on disposal of assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 511.47 Td (\(438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 511.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 511.47 Td (\(286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 511.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 496.42 Td (Other costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 496.42 Td (290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 496.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 481.42 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 481.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 481.47 Td (\(607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 481.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 481.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 481.42 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 451.68505859375 m 113.6181640625 451.68505859375 l s q 0 0 0 rg BT 50.00 453.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 76.11 453.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.61 453.25 Td (Division) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 397.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 397.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 397.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 397.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 397.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 367.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 367.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 367.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 367.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 367.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 337.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 337.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 337.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 337.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 337.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 307.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 307.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 307.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 307.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 307.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 277.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 277.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 277.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 277.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 277.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 247.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 247.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 247.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 247.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 247.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 217.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 217.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 217.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 217.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 217.75 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 412.75 m 492.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 412.75 m 503.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 412.75 m 561.5 412.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 397.75 m 492.5 397.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 397.75 m 561.5 397.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 337.75 m 492.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 337.75 m 561.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 217.75 m 492.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 203.75 m 492.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 201.75 m 492.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 217.75 m 561.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 203.75 m 561.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 201.75 m 561.5 201.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.00 432.43 Td (For the three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 417.43 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 402.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.50 402.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 402.43 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 387.42 Td (Net and comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 387.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 387.47 Td (\(117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 387.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 387.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 387.47 Td (\(10,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 387.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 372.42 Td (Add \(Deduct\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 357.42 Td (Amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 357.42 Td (832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 357.42 Td (1,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 342.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 342.42 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 342.42 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 327.42 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 327.42 Td (742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 327.47 Td (\(8,714) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 327.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 297.42 Td (Add \(Deduct\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 282.42 Td (Change in estimate of reclamation provision for non-operating properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 282.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.30 282.47 Td (\(65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 282.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 267.42 Td (Impairment and write-off of mineral properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 267.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 267.42 Td (9,052) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 252.42 Td (Net finance \(income\) expense, excluding interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 252.42 Td (89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 252.42 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 237.42 Td (Gain on disposal of assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 237.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.30 237.47 Td (\(11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 237.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 222.42 Td (Other costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 222.42 Td (121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 222.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 207.42 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 207.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 207.42 Td (952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 207.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 207.42 Td (345) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (21) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 131.9384765625 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 96.93 742.25 Td (Division) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 686.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 686.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 686.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 686.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 686.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 656.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 656.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 656.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 656.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 656.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 626.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 626.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 626.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 626.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 626.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 596.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 596.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 596.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 596.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 596.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 566.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 566.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 566.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 566.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 566.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 536.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 536.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 536.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 536.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 536.75 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 701.75 m 492.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 701.75 m 503.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 701.75 m 561.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 686.75 m 492.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 686.75 m 561.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 626.75 m 492.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 626.75 m 561.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 536.75 m 492.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 522.75 m 492.5 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 520.75 m 492.5 520.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 536.75 m 561.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 522.75 m 561.5 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 520.75 m 561.5 520.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.00 721.43 Td (For the three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 706.43 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 691.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.50 691.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 691.43 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 676.42 Td (Net and comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 676.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 676.47 Td (\(3,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 676.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 676.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 676.47 Td (\(1,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 676.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 661.42 Td (Add \(Deduct\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 646.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 646.42 Td (737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 646.42 Td (625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 631.42 Td (Income tax expense \(recovery\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 631.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 631.42 Td (264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 616.42 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 616.47 Td (\(2,661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 616.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 616.47 Td (\(966) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 616.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 586.42 Td (Add \(Deduct\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 571.42 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 571.42 Td (558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 571.42 Td (891) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 556.42 Td (Net finance \(income\) expense, excluding interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 556.42 Td (1,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 556.47 Td (\(920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 556.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 541.42 Td (Other costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 541.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 541.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 526.42 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 526.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 526.47 Td (\(964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 526.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 526.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 526.47 Td (\(995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 526.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 484.68505859375 m 163.69140625 484.68505859375 l s q 0 0 0 rg BT 50.00 486.25 Td (Realized price per) Tj ET Q q 0 0 0 rg BT 127.57 486.25 Td ( ton sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.25 Td (The calculation and reconciliation of net coal sales to revenue, the nearest GAAP) Tj ET Q q 0 0 0 rg BT 374.78 462.25 Td ( measure, and the calculation of realized price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.25 Td (per ton sold \(net coal sales divided by tons sold\) is as follows:) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 424.68505859375 m 106.123046875 424.68505859375 l s q 0 0 0 rg BT 50.00 426.25 Td (Consolidated) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 370.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 370.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 370.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 370.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 370.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 340.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 340.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 340.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 340.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 340.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 310.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 310.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 310.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 310.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 310.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 280.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 280.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 280.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 280.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 280.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 250.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 250.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 250.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 250.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 250.75 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 385.75 m 492.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 385.75 m 503.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 385.75 m 561.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 370.75 m 492.5 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 370.75 m 561.5 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 370.75 m 492.5 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 370.75 m 561.5 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 310.75 m 492.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 296.75 m 492.5 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 294.75 m 492.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 310.75 m 561.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 296.75 m 561.5 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 294.75 m 561.5 294.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 266.75 m 492.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 264.75 m 492.5 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 266.75 m 561.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 264.75 m 561.5 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 236.75 m 492.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 234.75 m 492.5 234.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 236.75 m 561.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 234.75 m 561.5 234.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.00 405.43 Td (For the three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 390.43 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 375.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.50 375.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 375.43 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 360.42 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 360.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 360.42 Td (16,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 360.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 360.42 Td (31,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 345.42 Td (Add \(Deduct\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 330.42 Td (Tolling Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.30 330.47 Td (\(46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 330.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 330.47 Td (\(2,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 330.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 315.42 Td (Transportation costs from preparation plant to customer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 315.47 Td (\(1,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 315.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 315.47 Td (\(1,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 315.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 300.42 Td (Net coal sales \(at preparation plant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 300.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 300.42 Td (15,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 300.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 300.42 Td (27,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 270.42 Td (Coal sold - tons) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 270.42 Td (248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 270.42 Td (359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 240.42 Td (Realized price per ton sold \(at preparation plant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 240.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 240.42 Td (61.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 240.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 240.42 Td (76.05) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (22) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 113.6181640625 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 76.11 742.25 Td ( Division) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 686.75 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 686.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 686.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 686.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 686.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 686.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 686.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 656.75 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 656.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 656.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 656.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 656.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 656.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 656.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 626.75 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 626.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 626.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 626.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 626.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 626.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 626.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 596.75 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 596.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 596.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 596.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 596.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 596.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 596.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 566.75 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 566.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 566.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 566.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 566.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 566.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 566.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 476.75 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 476.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 476.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 476.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 476.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 476.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 476.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 446.75 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 446.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 446.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 446.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 446.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 446.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 446.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 416.75 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 416.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 416.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 416.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 416.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 416.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 416.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 386.75 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 386.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 386.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 386.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 386.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 386.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 386.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 356.75 321.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 356.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 356.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 356.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 356.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 356.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 356.75 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 701.75 m 432.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 701.75 m 443.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 701.75 m 495.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 701.75 m 506.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 701.75 m 561.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 686.75 m 432.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 686.75 m 495.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 686.75 m 561.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 611.75 m 432.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 597.75 m 432.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 595.75 m 432.5 595.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 611.75 m 495.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 597.75 m 495.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 595.75 m 495.5 595.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 611.75 m 561.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 597.75 m 561.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 595.75 m 561.5 595.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 567.75 m 432.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 565.75 m 432.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 567.75 m 495.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 565.75 m 495.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 567.75 m 561.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 565.75 m 561.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 537.75 m 432.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 535.75 m 432.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 537.75 m 495.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 535.75 m 495.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 537.75 m 561.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 535.75 m 561.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 491.75 m 432.5 491.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 491.75 m 443.5 491.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 491.75 m 495.5 491.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 491.75 m 506.5 491.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 491.75 m 561.5 491.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 476.75 m 432.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 476.75 m 495.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 476.75 m 561.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 476.75 m 432.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 476.75 m 495.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 476.75 m 561.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 401.75 m 432.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 401.75 m 495.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 401.75 m 432.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 387.75 m 432.5 387.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 385.75 m 432.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 401.75 m 495.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 387.75 m 495.5 387.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 385.75 m 495.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 401.75 m 561.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 387.75 m 561.5 387.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 385.75 m 561.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 357.75 m 432.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 355.75 m 432.5 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 357.75 m 495.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 355.75 m 495.5 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 357.75 m 561.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 355.75 m 561.5 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 327.75 m 432.5 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 325.75 m 432.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 327.75 m 495.5 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 325.75 m 495.5 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 327.75 m 561.5 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 325.75 m 561.5 325.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.00 721.43 Td (For the three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.90 706.43 Td (March 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 691.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.60 691.43 Td (Met.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.35 691.43 Td (Thermal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.55 691.43 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 676.42 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.00 676.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 676.42 Td (10,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 676.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 676.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 676.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 676.42 Td (10,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 661.42 Td (Add \(Deduct\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 646.42 Td (Tolling Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.30 646.47 Td (\(46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 646.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 646.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.30 646.47 Td (\(46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 646.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 631.42 Td (Thermal coal sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 631.47 Td (\(1,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 631.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 631.42 Td (1,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 631.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 616.42 Td (Transportation costs from preparation plant to customer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.30 616.47 Td (\(942) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 616.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.30 616.47 Td (\(268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 616.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 616.47 Td (\(1,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 616.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 601.42 Td (Net coal sales \(at preparation plant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.00 601.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 601.42 Td (7,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 601.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 601.42 Td (1,585) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 601.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 601.42 Td (8,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 571.42 Td (Coal sold - tons) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 571.42 Td (107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 571.42 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 571.42 Td (149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 541.42 Td (Realized price per ton sold \(at preparation plant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.00 541.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 541.42 Td (68.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.25 541.42 Td ($37.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 541.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 541.42 Td (60.06) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.00 511.43 Td (For the three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.90 496.43 Td (March 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 481.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.60 481.43 Td (Met.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.35 481.43 Td (Thermal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.55 481.43 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 466.42 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.00 466.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 466.42 Td (17,976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 466.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 466.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 466.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 466.42 Td (17,976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 451.42 Td (Add \(Deduct\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 436.42 Td (Tolling Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 436.47 Td (\(2,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 436.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 436.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 436.47 Td (\(2,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 436.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 421.42 Td (Thermal coal sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 421.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 421.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 421.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 406.42 Td (Transportation costs from preparation plant to customer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 406.47 Td (\(1,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 406.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 406.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 406.47 Td (\(1,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 406.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 391.42 Td (Net coal sales \(at preparation plant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.00 391.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 391.42 Td (13,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 391.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 391.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 391.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 391.42 Td (13,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 361.42 Td (Coal sold - tons) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 361.42 Td (159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 361.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 361.42 Td (159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 331.42 Td (Realized price per ton sold \(at preparation plant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.00 331.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 331.42 Td (87.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 331.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 331.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 331.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 331.42 Td (87.50) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 301.68505859375 m 113.6181640625 301.68505859375 l s q 0 0 0 rg BT 50.00 303.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 76.11 303.25 Td ( Division) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 247.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 247.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 247.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 247.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 247.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 217.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 217.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 217.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 217.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 217.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 187.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 187.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 187.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 187.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 187.75 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 262.75 m 492.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 262.75 m 503.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 262.75 m 561.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 247.75 m 492.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 247.75 m 561.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 247.75 m 492.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 233.75 m 492.5 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 231.75 m 492.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 247.75 m 561.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 233.75 m 561.5 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 231.75 m 561.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 203.75 m 492.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 201.75 m 492.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 203.75 m 561.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 201.75 m 561.5 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 173.75 m 492.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 171.75 m 492.5 171.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 173.75 m 561.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 171.75 m 561.5 171.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.00 282.43 Td (For the three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 267.43 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 252.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.50 252.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 252.43 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 237.42 Td (Net thermal and industrial coal sales \(at preparation plant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 237.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 237.42 Td (6,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 237.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 237.42 Td (13,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 207.42 Td (Thermal and industrial coal sold - tons) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 207.42 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 207.42 Td (200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 177.42 Td (Realized price per ton sold \(at preparation plant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 177.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 177.42 Td (64.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 177.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 177.42 Td (66.95) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (23) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 193.2666015625 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Cash pr) Tj ET Q q 0 0 0 rg BT 83.99 742.25 Td (oduction cost per) Tj ET Q q 0 0 0 rg BT 157.14 742.25 Td ( ton sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (The calculation and reconciliation of cash production cost of sales to cost of sales, the nearest GAAP) Tj ET Q q 0 0 0 rg BT 453.67 718.25 Td ( measure, and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (calculation of cash production cost per ton sold \(cash production cost of sales divided by the tons sold\) is as follows:) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 680.68505859375 m 106.123046875 680.68505859375 l s q 0 0 0 rg BT 50.00 682.25 Td (Consolidated) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 626.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 626.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 626.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 626.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 626.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 596.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 596.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 596.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 596.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 596.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 566.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 566.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 566.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 566.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 566.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 536.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 536.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 536.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 536.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 536.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 506.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 506.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 506.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 506.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 506.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 476.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 476.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 476.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 476.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 476.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 446.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 446.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 446.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 446.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 446.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 416.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 416.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 416.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 416.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 416.75 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 641.75 m 492.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 641.75 m 503.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 641.75 m 561.5 641.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 626.75 m 492.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 626.75 m 561.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 626.75 m 492.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 626.75 m 561.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 476.75 m 492.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 462.75 m 492.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 460.75 m 492.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 476.75 m 561.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 462.75 m 561.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 460.75 m 561.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 432.75 m 492.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 430.75 m 492.5 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 432.75 m 561.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 430.75 m 561.5 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 402.75 m 492.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 400.75 m 492.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 402.75 m 561.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 400.75 m 561.5 400.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.00 661.43 Td (For the three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 646.43 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 631.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.50 631.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 631.43 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 616.42 Td (Cost of sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 616.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 616.42 Td (19,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 616.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 616.42 Td (52,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 601.42 Td (Add \(Deduct\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 586.42 Td (Amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 586.47 Td (\(4,587) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 586.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 586.47 Td (\(8,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 586.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 571.42 Td (Transportation costs from preparation plant to customer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 571.47 Td (\(1,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 571.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 571.47 Td (\(1,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 571.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 556.42 Td (Change in estimate of reclamation provision for non-operating properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 556.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 556.47 Td (\(1,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 556.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 541.42 Td (Impairment and write-off of mineral properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 541.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 541.47 Td (\(12,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 541.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 526.42 Td (Write-off of advance royalties and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 526.47 Td (\(126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 526.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 526.47 Td (\(826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 526.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 511.42 Td (Idle mine expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 511.47 Td (\(578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 511.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 511.47 Td (\(1,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 511.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 496.42 Td (Tolling costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.30 496.47 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 496.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 496.47 Td (\(1,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 496.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 481.42 Td (Other costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 481.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 481.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 466.42 Td (Cash production cost of sales \(at preparation plant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 466.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 466.42 Td (13,153) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 466.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 466.42 Td (24,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 436.42 Td (Coal sold - tons) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 436.42 Td (248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 436.42 Td (359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 406.42 Td (Cash production cost per ton sold \(at preparation plant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 406.42 Td (53.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 406.42 Td (68.22) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (24) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 113.6181640625 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (NAPP) Tj ET Q q 0 0 0 rg BT 76.11 742.25 Td ( Division) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 686.75 297.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 686.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 686.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 686.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 686.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 686.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 686.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 656.75 297.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 656.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 656.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 656.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 656.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 656.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 656.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 626.75 297.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 626.75 11.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 626.75 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 626.75 11.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 626.75 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 626.75 11.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 626.75 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 586.75 297.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 586.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 586.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 586.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 586.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 586.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 586.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 556.75 297.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 556.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 556.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 556.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 556.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 556.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 556.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 526.75 297.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 526.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 526.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 526.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 526.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 526.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 526.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 496.75 297.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 496.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 496.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 496.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 496.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 496.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 496.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 466.75 297.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 466.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 466.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 466.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 466.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 466.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 466.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 376.75 297.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 376.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 376.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 376.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 376.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 376.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 376.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 346.75 297.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 346.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 346.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 346.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 346.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 346.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 346.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 316.75 297.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 316.75 11.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 316.75 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 316.75 11.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 316.75 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 316.75 11.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 316.75 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 276.75 297.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 276.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 276.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 276.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 276.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 276.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 276.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 246.75 297.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 246.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 246.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 246.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 246.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 246.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 246.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 216.75 297.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 216.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 216.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 216.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 216.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 216.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 216.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 186.75 297.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 186.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 186.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 186.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 186.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 186.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 186.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 59.00 156.75 297.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 156.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 156.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 156.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 156.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 156.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 156.75 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 701.75 m 419 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 701.75 m 430 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 701.75 m 485 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 701.75 m 496 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 701.75 m 552 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 686.75 m 419 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 686.75 m 485 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 686.75 m 552 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 686.75 m 485 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 686.75 m 552 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 511.75 m 552 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 511.75 m 419 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 497.75 m 419 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 495.75 m 419 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 511.75 m 485 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 497.75 m 485 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 495.75 m 485 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 511.75 m 552 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 497.75 m 552 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 495.75 m 552 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 467.75 m 419 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 465.75 m 419 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 467.75 m 485 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 465.75 m 485 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 467.75 m 552 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 465.75 m 552 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 437.75 m 419 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 435.75 m 419 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 437.75 m 485 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 435.75 m 485 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 437.75 m 552 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 435.75 m 552 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 391.75 m 419 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 391.75 m 430 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 391.75 m 485 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 391.75 m 496 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 391.75 m 552 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 376.75 m 419 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 376.75 m 485 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 376.75 m 552 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 201.75 m 419 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 187.75 m 419 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 185.75 m 419 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 201.75 m 485 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 187.75 m 485 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 185.75 m 485 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 201.75 m 552 201.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 187.75 m 552 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 185.75 m 552 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 157.75 m 419 157.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 155.75 m 419 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 157.75 m 485 157.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 155.75 m 485 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 157.75 m 552 157.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 155.75 m 552 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 127.75 m 419 127.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 125.75 m 419 125.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 127.75 m 485 127.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 125.75 m 485 125.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 127.75 m 552 127.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 125.75 m 552 125.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.00 721.43 Td (For the three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.90 706.43 Td (March 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.50 691.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.60 691.43 Td (Met.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.35 691.43 Td (Thermal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.55 691.43 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 676.42 Td (Cost of sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.50 676.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 676.42 Td (13,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.50 676.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 676.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 676.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 676.42 Td (13,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 661.42 Td (Add \(Deduct\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 646.42 Td (Amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 646.47 Td (\(3,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 646.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 646.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 646.47 Td (\(3,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 646.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 631.42 Td (Transportation costs from preparation plant to customer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.80 631.47 Td (\(942) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 631.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 631.47 Td (\(268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 631.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 631.47 Td (\(1,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 631.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 616.42 Td (Change in estimate of reclamation provision for non-operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.50 606.42 Td (properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 606.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 606.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.15 606.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 591.42 Td (Impairment and write-off of mineral properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 591.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 591.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.15 591.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 576.42 Td (Write-off of advance royalties and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.80 576.47 Td (\(126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 576.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 576.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.80 576.47 Td (\(126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 576.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 561.42 Td (Idle mine expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.80 561.47 Td (\(269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 561.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 561.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.80 561.47 Td (\(269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 561.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 546.42 Td (Thermal mining cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 546.47 Td (\(1,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 546.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 546.42 Td (1,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.15 546.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 531.42 Td (Tolling costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.80 531.47 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 531.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 531.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.80 531.47 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 531.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 516.42 Td (Other costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 516.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 516.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.15 516.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 501.42 Td (Cash production cost of sales \(at preparation plant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.50 501.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 501.42 Td (6,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.50 501.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 501.42 Td (1,638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 501.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 501.42 Td (8,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 471.42 Td (Coal sold - tons) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 471.42 Td (107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 471.42 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 471.42 Td (149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 441.42 Td (Cash production cost per ton sold \(at preparation plant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.50 441.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 441.42 Td (62.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.50 441.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 441.42 Td (39.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 441.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 441.42 Td (55.68) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.00 411.43 Td (For the three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.90 396.43 Td (March 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.50 381.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.60 381.43 Td (Met.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.35 381.43 Td (Thermal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.55 381.43 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 366.42 Td (Cost of sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.50 366.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 366.42 Td (29,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.50 366.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 366.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 366.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 366.42 Td (29,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 351.42 Td (Add \(Deduct\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 336.42 Td (Amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 336.47 Td (\(6,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 336.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 336.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 336.47 Td (\(6,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 336.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 321.42 Td (Transportation costs from preparation plant to customer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 321.47 Td (\(1,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 321.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 321.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 321.47 Td (\(1,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 321.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 306.42 Td (Change in estimate of reclamation provision for non-operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.50 296.42 Td (properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 296.47 Td (\(1,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 296.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 296.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 296.47 Td (\(1,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 296.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 281.42 Td (Impairment and write-off of mineral properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 281.47 Td (\(3,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 281.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 281.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 281.47 Td (\(3,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 281.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 266.42 Td (Write-off of advance royalties and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.80 266.47 Td (\(826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 266.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 266.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.80 266.47 Td (\(826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 266.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 251.42 Td (Idle mine expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.80 251.47 Td (\(999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 251.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 251.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.80 251.47 Td (\(999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 251.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 236.42 Td (Thermal mining cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 236.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 236.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.15 236.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 221.42 Td (Tolling costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 221.47 Td (\(1,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 221.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 221.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 221.47 Td (\(1,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 221.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 206.42 Td (Other costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 206.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 206.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.15 206.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 191.42 Td (Cash production cost of sales \(at preparation plant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.50 191.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 191.42 Td (12,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.50 191.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 191.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 191.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 191.42 Td (12,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 161.42 Td (Coal sold - tons) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 161.42 Td (159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 161.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 161.42 Td (159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 131.42 Td (Cash production cost per ton sold \(at preparation plant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.50 131.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 131.42 Td (76.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.50 131.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 131.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 131.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 131.42 Td (76.09) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 113.6181640625 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (CAPP) Tj ET Q q 0 0 0 rg BT 76.11 742.25 Td ( Division) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 686.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 686.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 686.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 686.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 686.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 656.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 656.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 656.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 656.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 656.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 626.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 626.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 626.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 626.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 626.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 596.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 596.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 596.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 596.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 596.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 566.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 566.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 566.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 566.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 566.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 536.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 536.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 536.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 536.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 536.75 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 701.75 m 492.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 701.75 m 503.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 701.75 m 561.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 686.75 m 492.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 686.75 m 561.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 686.75 m 492.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 686.75 m 561.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 581.75 m 492.5 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 567.75 m 492.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 565.75 m 492.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 581.75 m 561.5 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 567.75 m 561.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 565.75 m 561.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 537.75 m 492.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 535.75 m 492.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 537.75 m 561.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 535.75 m 561.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 507.75 m 492.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 505.75 m 492.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 507.75 m 561.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 505.75 m 561.5 505.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.00 721.43 Td (For the three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 706.43 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 691.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.50 691.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 691.43 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 676.42 Td (Cost of sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 676.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 676.42 Td (5,997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 676.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 676.42 Td (23,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 661.42 Td (Add \(Deduct\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 646.42 Td (Amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 646.47 Td (\(832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 646.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 646.47 Td (\(1,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 646.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 631.42 Td (Change in estimate of reclamation provision for non-operating properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 631.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 631.42 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 616.42 Td (Impairment and write-off of mineral properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 616.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 616.47 Td (\(9,052) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 616.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 601.42 Td (Idle mine expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 601.47 Td (\(309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 601.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 601.47 Td (\(278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 601.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 586.42 Td (Other costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 586.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 586.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 571.42 Td (Cash production cost of sales \(at preparation plant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 571.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 571.42 Td (4,856) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 571.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 571.42 Td (12,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 541.42 Td (Thermal and industrial coal sold - tons) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 541.42 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 541.42 Td (200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 511.42 Td (Cash production cost per ton sold \(at preparation plant\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 511.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 511.42 Td (49.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 511.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 511.42 Td (61.96) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 481.68505859375 m 153.7255859375 481.68505859375 l s q 0 0 0 rg BT 50.00 483.25 Td (Outstanding ) Tj ET Q q 0 0 0 rg BT 105.85 483.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 126.24 483.25 Td (e ) Tj ET Q q 0 0 0 rg BT 133.17 483.25 Td (Data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 459.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 459.25 Td (following ) Tj ET Q q 0 0 0 rg BT 109.43 459.25 Td (table ) Tj ET Q q 0 0 0 rg BT 131.37 459.25 Td (sets ) Tj ET Q q 0 0 0 rg BT 148.87 459.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 170.81 459.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.52 459.25 Td (particulars ) Tj ET Q q 0 0 0 rg BT 230.22 459.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.05 459.25 Td (Corsa's ) Tj ET Q q 0 0 0 rg BT 272.58 459.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 293.96 459.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 324.24 459.25 Td (share ) Tj ET Q q 0 0 0 rg BT 347.84 459.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 376.99 459.25 Td (as ) Tj ET Q q 0 0 0 rg BT 387.82 459.25 Td (of ) Tj ET Q q 0 0 0 rg BT 398.65 459.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.36 459.25 Td (date ) Tj ET Q q 0 0 0 rg BT 432.52 459.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.35 459.25 Td (this ) Tj ET Q q 0 0 0 rg BT 460.30 459.25 Td (MD&A.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 81.00 406.75 338.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 406.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 406.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.00 376.75 338.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 376.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 376.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.00 346.75 338.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 346.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 346.75 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 436.75 m 530 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 406.75 m 530 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 346.75 m 530 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 332.75 m 530 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 330.75 m 530 330.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.35 426.43 Td (Number of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 411.43 Td (Common Shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.50 396.42 Td (Common Shares issued and outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 396.42 Td (1,594,775,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.50 381.42 Td (Common Shares issuable upon exercise of stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 381.42 Td (126,542,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.50 366.42 Td (Common Shares issuable upon redemption of Redeemable Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 366.42 Td (170,316,639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.50 351.42 Td (Common Shares issuable upon exercise of Common Share purchase warrants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 351.42 Td (36,100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.50 336.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 336.42 Td (1,927,734,901) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.52 308.25 Td (of ) Tj ET Q q 0 0 0 rg BT 74.27 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.89 308.25 Td (date ) Tj ET Q q 0 0 0 rg BT 107.96 308.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.70 308.25 Td (this ) Tj ET Q q 0 0 0 rg BT 135.56 308.25 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 171.58 308.25 Td (QKGI ) Tj ET Q q 0 0 0 rg BT 198.99 308.25 Td (Legacy ) Tj ET Q q 0 0 0 rg BT 230.83 308.25 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 269.91 308.25 Td (LP) Tj ET Q q 0 0 0 rg BT 280.47 308.25 Td (, ) Tj ET Q q 0 0 0 rg BT 285.38 308.25 Td (holds ) Tj ET Q q 0 0 0 rg BT 309.46 308.25 Td (170,316,639 ) Tj ET Q q 0 0 0 rg BT 361.87 308.25 Td (common ) Tj ET Q q 0 0 0 rg BT 399.28 308.25 Td (membership ) Tj ET Q q 0 0 0 rg BT 451.12 308.25 Td (units ) Tj ET Q q 0 0 0 rg BT 472.98 308.25 Td (\(Redeemable ) Tj ET Q q 0 0 0 rg BT 532.58 308.25 Td (Units\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.14 296.25 Td (W) Tj ET Q q 0 0 0 rg BT 69.17 296.25 Td (ilson ) Tj ET Q q 0 0 0 rg BT 90.57 296.25 Td (Creek ) Tj ET Q q 0 0 0 rg BT 116.39 296.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 135.09 296.25 Td (gy) Tj ET Q q 0 0 0 rg BT 144.44 296.25 Td (, ) Tj ET Q q 0 0 0 rg BT 148.89 296.25 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 172.22 296.25 Td (a ) Tj ET Q q 0 0 0 rg BT 178.61 296.25 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 238.32 296.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 281.38 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.66 296.25 Td (Corsa. ) Tj ET Q q 0 0 0 rg BT 319.43 296.25 Td (Redeemable ) Tj ET Q q 0 0 0 rg BT 370.80 296.25 Td (Units ) Tj ET Q q 0 0 0 rg BT 394.42 296.25 Td (are ) Tj ET Q q 0 0 0 rg BT 408.57 296.25 Td (redeemable, ) Tj ET Q q 0 0 0 rg BT 459.10 296.25 Td (at ) Tj ET Q q 0 0 0 rg BT 468.26 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.43 296.25 Td (option ) Tj ET Q q 0 0 0 rg BT 509.93 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.21 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 534.37 296.25 Td (holder) Tj ET Q q 0 0 0 rg BT 559.52 296.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.75 284.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 85.60 284.25 Td (on ) Tj ET Q q 0 0 0 rg BT 98.69 284.25 Td (a ) Tj ET Q q 0 0 0 rg BT 106.21 284.25 Td (per ) Tj ET Q q 0 0 0 rg BT 122.07 284.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 140.71 284.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 163.79 284.25 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 208.53 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 219.39 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.70 284.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 251.66 284.25 Td (market ) Tj ET Q q 0 0 0 rg BT 282.51 284.25 Td (value ) Tj ET Q q 0 0 0 rg BT 307.25 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 318.67 284.25 Td (a ) Tj ET Q q 0 0 0 rg BT 326.19 284.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 366.50 284.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 392.36 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.77 284.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 430.19 284.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 461.60 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 472.47 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.77 284.25 Td (option ) Tj ET Q q 0 0 0 rg BT 516.41 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.83 284.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 554.24 284.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 90.25 272.25 Td (such ) Tj ET Q q 0 0 0 rg BT 111.08 272.25 Td (units ) Tj ET Q q 0 0 0 rg BT 133.03 272.25 Td (for ) Tj ET Q q 0 0 0 rg BT 147.19 272.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 186.92 272.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 216.08 272.25 Td (of ) Tj ET Q q 0 0 0 rg BT 226.91 272.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 252.74 272.25 Td (on ) Tj ET Q q 0 0 0 rg BT 265.24 272.25 Td (a ) Tj ET Q q 0 0 0 rg BT 272.18 272.25 Td (one ) Tj ET Q q 0 0 0 rg BT 289.12 272.25 Td (for ) Tj ET Q q 0 0 0 rg BT 303.28 272.25 Td (one ) Tj ET Q q 0 0 0 rg BT 320.21 272.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 342.71 272.25 Td (once ) Tj ET Q q 0 0 0 rg BT 364.09 272.25 Td (tendered ) Tj ET Q q 0 0 0 rg BT 401.02 272.25 Td (for ) Tj ET Q q 0 0 0 rg BT 415.18 272.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 463.22 272.25 Td (by ) Tj ET Q q 0 0 0 rg BT 475.72 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.43 272.25 Td (holder) Tj ET Q q 0 0 0 rg BT 515.43 272.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.25 Td (In ) Tj ET Q q 0 0 0 rg BT 61.22 248.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 117.97 248.25 Td (for ) Tj ET Q q 0 0 0 rg BT 132.52 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.62 248.25 Td (Facility) Tj ET Q q 0 0 0 rg BT 177.52 248.25 Td (, ) Tj ET Q q 0 0 0 rg BT 182.91 248.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 209.13 248.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 237.01 248.25 Td (36,100,000 ) Tj ET Q q 0 0 0 rg BT 284.90 248.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 325.01 248.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 350.66 248.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 389.09 248.25 Td (warrants ) Tj ET Q q 0 0 0 rg BT 426.40 248.25 Td (\("Bonus ) Tj ET Q q 0 0 0 rg BT 462.05 248.25 Td (W) Tj ET Q q 0 0 0 rg BT 470.69 248.25 Td (arrants"\). ) Tj ET Q q 0 0 0 rg BT 510.69 248.25 Td ( ) Tj ET Q q 0 0 0 rg BT 513.58 248.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 536.45 248.25 Td (Bonus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 236.25 Td (arrant ) Tj ET Q q 0 0 0 rg BT 84.45 236.25 Td (has ) Tj ET Q q 0 0 0 rg BT 100.28 236.25 Td (a ) Tj ET Q q 0 0 0 rg BT 107.22 236.25 Td (term ) Tj ET Q q 0 0 0 rg BT 128.05 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.88 236.25 Td (five ) Tj ET Q q 0 0 0 rg BT 156.92 236.25 Td (years ) Tj ET Q q 0 0 0 rg BT 180.52 236.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.46 236.25 Td (is ) Tj ET Q q 0 0 0 rg BT 206.63 236.25 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 254.10 236.25 Td (for ) Tj ET Q q 0 0 0 rg BT 268.26 236.25 Td (one ) Tj ET Q q 0 0 0 rg BT 285.20 236.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 324.93 236.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 350.20 236.25 Td (at ) Tj ET Q q 0 0 0 rg BT 359.91 236.25 Td (an ) Tj ET Q q 0 0 0 rg BT 371.85 236.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 407.10 236.25 Td (price ) Tj ET Q q 0 0 0 rg BT 429.59 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 440.42 236.25 Td (Cdn$0.195.) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (26) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 181.9287109375 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Summary ) Tj ET Q q 0 0 0 rg BT 94.72 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.55 742.25 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 150.82 742.25 Td (Results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.84 718.25 Td (following ) Tj ET Q q 0 0 0 rg BT 111.02 718.25 Td (table ) Tj ET Q q 0 0 0 rg BT 133.74 718.25 Td (sets ) Tj ET Q q 0 0 0 rg BT 152.03 718.25 Td (out ) Tj ET Q q 0 0 0 rg BT 168.10 718.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 198.59 718.25 Td (information ) Tj ET Q q 0 0 0 rg BT 249.10 718.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 282.37 718.25 Td (from ) Tj ET Q q 0 0 0 rg BT 305.10 718.25 Td (Corsa) Tj ET Q q 0 0 0 rg BT 331.21 718.25 Td (s ) Tj ET Q q 0 0 0 rg BT 338.39 718.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 392.23 718.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 430.50 718.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 476.00 718.25 Td (or ) Tj ET Q q 0 0 0 rg BT 487.62 718.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 533.12 718.25 Td (interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.04 706.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.52 706.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 185.23 706.25 Td (for ) Tj ET Q q 0 0 0 rg BT 199.39 706.25 Td (each ) Tj ET Q q 0 0 0 rg BT 220.21 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.04 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.76 706.25 Td (eight ) Tj ET Q q 0 0 0 rg BT 268.25 706.25 Td (most ) Tj ET Q q 0 0 0 rg BT 290.20 706.25 Td (recently ) Tj ET Q q 0 0 0 rg BT 324.90 706.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 369.05 706.25 Td (quarters. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 638.75 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 638.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 638.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 638.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 638.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 638.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 638.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 638.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 638.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 608.75 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 608.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 608.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 608.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 608.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 608.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 608.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 608.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 608.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 578.75 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 578.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 578.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 578.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 578.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 578.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 578.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 578.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 578.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 503.75 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 503.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 503.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 503.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 503.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 503.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 503.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 503.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 503.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 473.75 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 473.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 473.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 473.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 473.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 473.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 473.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 473.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 473.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 443.75 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 443.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 443.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 443.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 443.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 443.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 443.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 443.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 443.75 72.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 638.75 m 312.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 638.75 m 395.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 638.75 m 478.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 638.75 m 561.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 624.75 m 312.5 624.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 622.75 m 312.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 638.75 m 395.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 624.75 m 395.5 624.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 622.75 m 395.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 638.75 m 478.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 624.75 m 478.5 624.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 622.75 m 478.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 638.75 m 561.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 624.75 m 561.5 624.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 622.75 m 561.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 609.75 m 312.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 607.75 m 312.5 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 609.75 m 395.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 607.75 m 395.5 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 609.75 m 478.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 607.75 m 478.5 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 609.75 m 561.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 607.75 m 561.5 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 579.75 m 312.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 577.75 m 312.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 579.75 m 395.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 577.75 m 395.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 579.75 m 478.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 577.75 m 478.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 579.75 m 561.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 577.75 m 561.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 564.75 m 312.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 562.75 m 312.5 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 564.75 m 395.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 562.75 m 395.5 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 564.75 m 478.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 562.75 m 478.5 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 564.75 m 561.5 564.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 562.75 m 561.5 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 503.75 m 312.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 503.75 m 395.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 503.75 m 478.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 503.75 m 561.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 489.75 m 312.5 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 487.75 m 312.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 503.75 m 395.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 489.75 m 395.5 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 487.75 m 395.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 503.75 m 478.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 489.75 m 478.5 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 487.75 m 478.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 503.75 m 561.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 489.75 m 561.5 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 487.75 m 561.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 474.75 m 312.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 472.75 m 312.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 474.75 m 395.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 472.75 m 395.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 474.75 m 478.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 472.75 m 478.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 474.75 m 561.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 472.75 m 561.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 444.75 m 312.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 442.75 m 312.5 442.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 444.75 m 395.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 442.75 m 395.5 442.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 444.75 m 478.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 442.75 m 478.5 442.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 444.75 m 561.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 442.75 m 561.5 442.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 429.75 m 312.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 427.75 m 312.5 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 429.75 m 395.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 427.75 m 395.5 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 429.75 m 478.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 427.75 m 478.5 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 429.75 m 561.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 427.75 m 561.5 427.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.45 673.43 Td (Quarter Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.45 673.43 Td (Quarter Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.45 673.43 Td (Quarter Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.45 673.43 Td (Quarter Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.15 658.43 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.90 658.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.50 658.43 Td (September 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.20 658.43 Td (June 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 643.43 Td (\(in thousands except per share amounts\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.00 643.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.00 643.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.00 643.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.00 643.43 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 628.42 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 628.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 628.42 Td (16,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 628.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.15 628.42 Td (26,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 628.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 628.42 Td (31,742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 628.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 628.42 Td (39,669) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 613.42 Td (Net and comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 613.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.80 613.47 Td (\(8,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 613.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 613.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.80 613.47 Td (\(106,354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 613.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 613.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 613.47 Td (\(9,288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 613.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 613.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 613.47 Td (\(11,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 613.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 598.42 Td (Loss per share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 583.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 583.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.80 583.47 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 583.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 583.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.80 583.47 Td (\(0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 583.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 583.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 583.47 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 583.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 583.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 583.47 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 583.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 568.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.80 568.47 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 568.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.80 568.47 Td (\(0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 568.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 568.47 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 568.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 568.47 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 568.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.45 538.43 Td (Quarter Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.45 538.43 Td (Quarter Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.45 538.43 Td (Quarter Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.45 538.43 Td (Quarter Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.15 523.43 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.90 523.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.50 523.43 Td (September 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.20 523.43 Td (June 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 508.43 Td (\(in thousands except per share amounts\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.20 508.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 282.20 512.96 Td (\(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.20 508.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 365.20 512.96 Td (\(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.40 508.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 444.40 512.96 Td (\(1\)\(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.20 508.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 531.20 512.96 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 493.42 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 493.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 493.42 Td (31,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 493.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.15 493.42 Td (51,235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 493.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 493.42 Td (45,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 493.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 493.42 Td (24,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 478.42 Td (Net and comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 478.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.80 478.47 Td (\(25,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 478.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 478.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.80 478.47 Td (\(22,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 478.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 478.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.80 478.47 Td (\(21,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 478.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 478.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 478.42 Td (692) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 463.42 Td (Loss per share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 448.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 448.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.80 448.47 Td (\(0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 448.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 448.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.80 448.47 Td (\(0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 448.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 448.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 448.47 Td (\(0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 448.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 448.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 448.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 433.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 433.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.80 433.47 Td (\(0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 433.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 433.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.80 433.47 Td (\(0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 433.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 433.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 433.47 Td (\(0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 433.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 433.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 433.42 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 59.00 409.78 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.20 405.25 Td (The results of PBS Coals, Inc., its subsidiaries and its sister company) Tj ET Q q 0 0 0 rg BT 344.19 405.25 Td (, Rox Coal, Inc. \(collectively "PBS"\) are only ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 393.25 Td (included from the period from ) Tj ET Q q 0 0 0 rg BT 191.02 393.25 Td (August 19, 2014 through September 30, 2014 as PBS was acquired on ) Tj ET Q q 0 0 0 rg BT 474.33 393.25 Td (August 19, 2014.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 59.00 373.78 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.20 369.25 Td (The results of PBS are not included as it was acquired on ) Tj ET Q q 0 0 0 rg BT 298.71 369.25 Td (August 19, 2014. ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 59.00 349.78 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.20 345.25 Td (As a result of retrospective adjustments made to the fair value of the PBS net assets at ) Tj ET Q q 0 0 0 rg BT 413.95 345.25 Td (August 19, 2014, the quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 333.25 Td (results were restated.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 307.68505859375 m 166.2841796875 307.68505859375 l s q 0 0 0 rg BT 50.00 309.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 85.27 309.25 Td (Party ) Tj ET Q q 0 0 0 rg BT 111.46 309.25 Td (T) Tj ET Q q 0 0 0 rg BT 117.39 309.25 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 83.25 285.25 Td (party ) Tj ET Q q 0 0 0 rg BT 106.51 285.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 156.98 285.25 Td (include ) Tj ET Q q 0 0 0 rg BT 189.12 285.25 Td (any ) Tj ET Q q 0 0 0 rg BT 206.27 285.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 256.74 285.25 Td (with ) Tj ET Q q 0 0 0 rg BT 277.23 285.25 Td (employees, ) Tj ET Q q 0 0 0 rg BT 325.20 285.25 Td (other ) Tj ET Q q 0 0 0 rg BT 348.46 285.25 Td (than ) Tj ET Q q 0 0 0 rg BT 368.38 285.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 404.98 285.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 434.33 285.25 Td (as ) Tj ET Q q 0 0 0 rg BT 445.37 285.25 Td (a ) Tj ET Q q 0 0 0 rg BT 452.52 285.25 Td (result ) Tj ET Q q 0 0 0 rg BT 477.45 285.25 Td (of ) Tj ET Q q 0 0 0 rg BT 488.49 285.25 Td (their ) Tj ET Q q 0 0 0 rg BT 509.52 285.25 Td (employment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 101.73 273.25 Td (with ) Tj ET Q q 0 0 0 rg BT 123.48 273.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 170.21 273.25 Td (that ) Tj ET Q q 0 0 0 rg BT 189.17 273.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 235.90 273.25 Td (or ) Tj ET Q q 0 0 0 rg BT 248.20 273.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 287.15 273.25 Td (either ) Tj ET Q q 0 0 0 rg BT 313.88 273.25 Td (control ) Tj ET Q q 0 0 0 rg BT 346.17 273.25 Td (or ) Tj ET Q q 0 0 0 rg BT 358.47 273.25 Td (have ) Tj ET Q q 0 0 0 rg BT 381.31 273.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 427.49 273.25 Td (influence ) Tj ET Q q 0 0 0 rg BT 468.66 273.25 Td (over) Tj ET Q q 0 0 0 rg BT 486.03 273.25 Td (, ) Tj ET Q q 0 0 0 rg BT 492.49 273.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 544.22 273.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 96.15 261.25 Td (who ) Tj ET Q q 0 0 0 rg BT 116.76 261.25 Td (are ) Tj ET Q q 0 0 0 rg BT 132.35 261.25 Td (under ) Tj ET Q q 0 0 0 rg BT 158.50 261.25 Td (common ) Tj ET Q q 0 0 0 rg BT 196.88 261.25 Td (control ) Tj ET Q q 0 0 0 rg BT 228.59 261.25 Td (with ) Tj ET Q q 0 0 0 rg BT 249.76 261.25 Td (Corsa) Tj ET Q q 0 0 0 rg BT 275.86 261.25 Td (s ) Tj ET Q q 0 0 0 rg BT 283.14 261.25 Td (controlling ) Tj ET Q q 0 0 0 rg BT 330.41 261.25 Td (shareholder) Tj ET Q q 0 0 0 rg BT 376.65 261.25 Td (, ) Tj ET Q q 0 0 0 rg BT 382.54 261.25 Td (Quintana ) Tj ET Q q 0 0 0 rg BT 422.58 261.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 441.28 261.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 454.66 261.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 490.81 261.25 Td (L.P) Tj ET Q q 0 0 0 rg BT 503.88 261.25 Td (. ) Tj ET Q q 0 0 0 rg BT 509.76 261.25 Td (\(QEP\) ) Tj ET Q q 0 0 0 rg BT 547.58 261.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 101.51 249.25 Td (with ) Tj ET Q q 0 0 0 rg BT 123.03 249.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 169.54 249.25 Td (who ) Tj ET Q q 0 0 0 rg BT 190.51 249.25 Td (are ) Tj ET Q q 0 0 0 rg BT 206.46 249.25 Td (a ) Tj ET Q q 0 0 0 rg BT 214.64 249.25 Td (minority ) Tj ET Q q 0 0 0 rg BT 252.83 249.25 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 303.22 249.25 Td (and ) Tj ET Q q 0 0 0 rg BT 321.41 249.25 Td (af) Tj ET Q q 0 0 0 rg BT 328.99 249.25 Td (filiated ) Tj ET Q q 0 0 0 rg BT 361.06 249.25 Td (with ) Tj ET Q q 0 0 0 rg BT 382.58 249.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.54 249.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 446.87 249.25 Td (minority ) Tj ET Q q 0 0 0 rg BT 485.06 249.25 Td (shareholder) Tj ET Q q 0 0 0 rg BT 531.30 249.25 Td (, ) Tj ET Q q 0 0 0 rg BT 537.55 249.25 Td (Sprott ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.25 Td (Resource ) Tj ET Q q 0 0 0 rg BT 89.71 237.25 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 114.71 237.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 213.25 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 104.61 213.25 Td (with ) Tj ET Q q 0 0 0 rg BT 126.26 213.25 Td (related ) Tj ET Q q 0 0 0 rg BT 157.34 213.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 187.86 213.25 Td (included ) Tj ET Q q 0 0 0 rg BT 226.17 213.25 Td (in ) Tj ET Q q 0 0 0 rg BT 237.82 213.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.91 213.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 308.32 213.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 350.51 213.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.71 213.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 408.24 213.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.55 213.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 490.96 213.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 510.39 213.25 Td (of ) Tj ET Q q 0 0 0 rg BT 522.59 213.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 549.79 213.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.25 Td (summarized ) Tj ET Q q 0 0 0 rg BT 101.37 201.25 Td (below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 90.50 133.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 133.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 133.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 133.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 133.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.50 103.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 103.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 103.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 103.75 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 103.75 66.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 148.75 m 443.5 148.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 148.75 m 454.5 148.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 148.75 m 520.5 148.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 133.75 m 443.5 133.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 133.75 m 520.5 133.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 133.75 m 443.5 133.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 133.75 m 520.5 133.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 88.75 m 443.5 88.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 74.75 m 443.5 74.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 72.75 m 443.5 72.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 88.75 m 520.5 88.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 74.75 m 520.5 74.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 72.75 m 520.5 72.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 168.43 Td (For the three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.65 153.43 Td (March 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.00 138.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.00 138.43 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 123.42 Td (Royalties \(i\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 123.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 123.42 Td (777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 123.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.65 123.42 Td (712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 108.42 Td (Mining equipment lease \(ii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 108.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.65 108.42 Td (183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 93.42 Td (Supplies purchase \(iii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 93.42 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.65 93.42 Td (178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 78.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 78.42 Td (809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 78.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 78.42 Td (1,073) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td (i. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (During ) Tj ET Q q 0 0 0 rg BT 118.00 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.90 742.10 Td (three ) Tj ET Q q 0 0 0 rg BT 157.56 742.10 Td (months ) Tj ET Q q 0 0 0 rg BT 190.68 742.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 218.23 742.10 Td (March ) Tj ET Q q 0 0 0 rg BT 248.00 742.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 264.18 742.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 290.35 742.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 317.35 742.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 338.25 742.10 Td (royalties ) Tj ET Q q 0 0 0 rg BT 376.35 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.47 742.10 Td (property ) Tj ET Q q 0 0 0 rg BT 432.02 742.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 456.24 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.69 742.10 Td (related ) Tj ET Q q 0 0 0 rg BT 498.57 742.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 528.90 742.10 Td (who ) Tj ET Q q 0 0 0 rg BT 549.79 742.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (commonly ) Tj ET Q q 0 0 0 rg BT 131.33 730.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 174.42 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 186.97 730.10 Td (QEP) Tj ET Q q 0 0 0 rg BT 205.49 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 208.05 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.38 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.15 730.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 265.70 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.58 730.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.13 730.10 Td ($777,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.63 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.18 730.10 Td (\(2015 ) Tj ET Q q 0 0 0 rg BT 345.07 730.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.95 730.10 Td ($712,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.45 730.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 394.33 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 408.54 730.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 427.75 730.10 Td (extracted ) Tj ET Q q 0 0 0 rg BT 466.95 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 488.94 730.10 Td (mineral ) Tj ET Q q 0 0 0 rg BT 522.03 730.10 Td (properties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (where ) Tj ET Q q 0 0 0 rg BT 113.11 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.00 718.10 Td (surface ) Tj ET Q q 0 0 0 rg BT 159.54 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 170.55 718.10 Td (mineral ) Tj ET Q q 0 0 0 rg BT 203.77 718.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 229.23 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.23 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.13 718.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 288.90 718.10 Td (property ) Tj ET Q q 0 0 0 rg BT 325.45 718.10 Td (are ) Tj ET Q q 0 0 0 rg BT 340.34 718.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 368.00 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 380.68 718.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 406.68 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.80 718.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 453.14 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 465.81 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.71 718.10 Td (related ) Tj ET Q q 0 0 0 rg BT 510.59 718.10 Td (party) Tj ET Q q 0 0 0 rg BT 530.49 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 535.66 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 538.15 718.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 706.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 123.19 706.10 Td (were ) Tj ET Q q 0 0 0 rg BT 145.92 706.10 Td (included ) Tj ET Q q 0 0 0 rg BT 183.65 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.73 706.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 214.13 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.76 706.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 248.50 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 259.58 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.10 706.10 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 317.83 706.10 Td (condensed ) Tj ET Q q 0 0 0 rg BT 363.34 706.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 395.52 706.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 449.36 706.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 490.98 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.61 706.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 547.57 706.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 149.03 694.10 Td (loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 670.10 Td (ii. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 670.10 Td (During ) Tj ET Q q 0 0 0 rg BT 116.10 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.08 670.10 Td (three ) Tj ET Q q 0 0 0 rg BT 151.83 670.10 Td (months ) Tj ET Q q 0 0 0 rg BT 183.05 670.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 208.69 670.10 Td (March ) Tj ET Q q 0 0 0 rg BT 236.56 670.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 250.82 670.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 275.09 670.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 300.19 670.10 Td (also ) Tj ET Q q 0 0 0 rg BT 318.06 670.10 Td (made ) Tj ET Q q 0 0 0 rg BT 341.48 670.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 363.23 670.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 403.33 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.87 670.10 Td (related ) Tj ET Q q 0 0 0 rg BT 441.84 670.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 470.26 670.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 512.57 670.10 Td (by ) Tj ET Q q 0 0 0 rg BT 524.34 670.10 Td (an ) Tj ET Q q 0 0 0 rg BT 535.54 670.10 Td (of) Tj ET Q q 0 0 0 rg BT 543.69 670.10 Td (ficer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.41 658.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 121.83 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 135.57 658.10 Td (use ) Tj ET Q q 0 0 0 rg BT 150.99 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.40 658.10 Td (mining ) Tj ET Q q 0 0 0 rg BT 191.82 658.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 236.12 658.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 264.86 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 276.94 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.24 658.10 Td (related ) Tj ET Q q 0 0 0 rg BT 320.53 658.10 Td (party ) Tj ET Q q 0 0 0 rg BT 343.16 658.10 Td (amounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.02 658.10 Td ($183,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.52 658.10 Td (. ) Tj ET Q q 0 0 0 rg BT 429.95 658.10 Td (This ) Tj ET Q q 0 0 0 rg BT 449.81 658.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 481.89 658.10 Td (was ) Tj ET Q q 0 0 0 rg BT 499.53 658.10 Td (included ) Tj ET Q q 0 0 0 rg BT 536.05 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 545.91 658.10 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.49 646.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 120.08 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.02 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.40 646.10 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 188.99 646.10 Td (condensed ) Tj ET Q q 0 0 0 rg BT 234.35 646.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 266.39 646.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 320.09 646.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 361.57 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.06 646.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 417.87 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.47 646.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 499.16 646.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 520.38 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 523.31 646.10 Td (The ) Tj ET Q q 0 0 0 rg BT 542.02 646.10 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (expired ) Tj ET Q q 0 0 0 rg BT 118.49 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 128.76 634.10 Td (December ) Tj ET Q q 0 0 0 rg BT 172.35 634.10 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 610.10 Td (iii. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td (During ) Tj ET Q q 0 0 0 rg BT 116.82 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.52 610.10 Td (three ) Tj ET Q q 0 0 0 rg BT 153.99 610.10 Td (months ) Tj ET Q q 0 0 0 rg BT 185.92 610.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 212.28 610.10 Td (March ) Tj ET Q q 0 0 0 rg BT 240.87 610.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 255.85 610.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 280.84 610.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 306.65 610.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 349.68 610.10 Td (from ) Tj ET Q q 0 0 0 rg BT 371.60 610.10 Td (related ) Tj ET Q q 0 0 0 rg BT 401.29 610.10 Td (parties, ) Tj ET Q q 0 0 0 rg BT 432.93 610.10 Td (who ) Tj ET Q q 0 0 0 rg BT 452.64 610.10 Td (are ) Tj ET Q q 0 0 0 rg BT 467.33 610.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 519.80 610.10 Td (influenced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.10 Td (by ) Tj ET Q q 0 0 0 rg BT 99.33 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 107.10 598.10 Td (key ) Tj ET Q q 0 0 0 rg BT 124.87 598.10 Td (management ) Tj ET Q q 0 0 0 rg BT 179.30 598.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 221.51 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.17 598.10 Td (QEP) Tj ET Q q 0 0 0 rg BT 250.95 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 256.78 598.10 Td (supplies ) Tj ET Q q 0 0 0 rg BT 292.89 598.10 Td (used ) Tj ET Q q 0 0 0 rg BT 314.56 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.67 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.22 598.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 361.21 598.10 Td (separation ) Tj ET Q q 0 0 0 rg BT 405.63 598.10 Td (process ) Tj ET Q q 0 0 0 rg BT 438.95 598.10 Td (amounting ) Tj ET Q q 0 0 0 rg BT 485.06 598.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.17 598.10 Td ($32,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.67 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 532.00 598.10 Td (\(2015 ) Tj ET Q q 0 0 0 rg BT 558.67 598.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td ($178,000\). ) Tj ET Q q 0 0 0 rg BT 131.76 586.10 Td (These ) Tj ET Q q 0 0 0 rg BT 158.25 586.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 194.76 586.10 Td (were ) Tj ET Q q 0 0 0 rg BT 216.80 586.10 Td (included ) Tj ET Q q 0 0 0 rg BT 253.85 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.25 586.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 282.97 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.92 586.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 315.98 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 326.37 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.21 586.10 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 383.26 586.10 Td (condensed ) Tj ET Q q 0 0 0 rg BT 428.08 586.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 459.58 586.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 512.74 586.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 553.68 586.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 130.16 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.09 574.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 210.13 574.10 Td (loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (At ) Tj ET Q q 0 0 0 rg BT 62.09 550.10 Td (December ) Tj ET Q q 0 0 0 rg BT 105.27 550.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 119.86 550.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 144.45 550.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 169.87 550.10 Td (had ) Tj ET Q q 0 0 0 rg BT 186.40 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 192.93 550.10 Td (note ) Tj ET Q q 0 0 0 rg BT 212.24 550.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 255.41 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.83 550.10 Td ($120,000 ) Tj ET Q q 0 0 0 rg BT 305.42 550.10 Td (from ) Tj ET Q q 0 0 0 rg BT 326.95 550.10 Td (an ) Tj ET Q q 0 0 0 rg BT 338.48 550.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 379.44 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.87 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.17 550.10 Td (Company) Tj ET Q q 0 0 0 rg BT 442.41 550.10 Td (, ) Tj ET Q q 0 0 0 rg BT 447.00 550.10 Td (this ) Tj ET Q q 0 0 0 rg BT 463.54 550.10 Td (note ) Tj ET Q q 0 0 0 rg BT 482.85 550.10 Td (was ) Tj ET Q q 0 0 0 rg BT 500.49 550.10 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 535.91 550.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 538.10 Td (three ) Tj ET Q q 0 0 0 rg BT 87.20 538.10 Td (months ) Tj ET Q q 0 0 0 rg BT 119.15 538.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 145.53 538.10 Td (March ) Tj ET Q q 0 0 0 rg BT 174.13 538.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 189.13 538.10 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Included ) Tj ET Q q 0 0 0 rg BT 86.98 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.76 514.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 133.74 514.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 166.83 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.27 514.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 216.35 514.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 255.56 514.10 Td (at ) Tj ET Q q 0 0 0 rg BT 264.78 514.10 Td (March ) Tj ET Q q 0 0 0 rg BT 292.87 514.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 307.37 514.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 329.37 514.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.03 514.10 Td ($538,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.53 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.53 514.10 Td (\(December ) Tj ET Q q 0 0 0 rg BT 423.94 514.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 438.44 514.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 460.43 514.10 Td (- ) Tj ET Q q 0 0 0 rg BT 465.76 514.10 Td ($415,000\) ) Tj ET Q q 0 0 0 rg BT 508.59 514.10 Td (due ) Tj ET Q q 0 0 0 rg BT 525.02 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.80 514.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (parties, ) Tj ET Q q 0 0 0 rg BT 81.51 502.10 Td (as ) Tj ET Q q 0 0 0 rg BT 92.20 502.10 Td (a ) Tj ET Q q 0 0 0 rg BT 99.00 502.10 Td (result ) Tj ET Q q 0 0 0 rg BT 123.57 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.26 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.84 502.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 198.96 502.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 223.54 502.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 252.27 502.10 Td (who ) Tj ET Q q 0 0 0 rg BT 271.85 502.10 Td (are ) Tj ET Q q 0 0 0 rg BT 286.42 502.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 334.04 502.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 371.38 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.18 502.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 433.30 502.10 Td (either ) Tj ET Q q 0 0 0 rg BT 458.42 502.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 501.32 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 512.01 502.10 Td (significantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (influenced ) Tj ET Q q 0 0 0 rg BT 94.70 490.10 Td (by ) Tj ET Q q 0 0 0 rg BT 107.20 490.10 Td (QEP) Tj ET Q q 0 0 0 rg BT 124.99 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 129.80 490.10 Td (These ) Tj ET Q q 0 0 0 rg BT 156.18 490.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 192.57 490.10 Td (are ) Tj ET Q q 0 0 0 rg BT 207.28 490.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 250.31 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.25 490.10 Td (non-interest ) Tj ET Q q 0 0 0 rg BT 317.51 490.10 Td (bearing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (At March 31, 2016 and December 31, 2015, the Company had a loan payable to Sprott Resource Lending Corporation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td ($25,140,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.00 454.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.44 454.10 Td ($24,440,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.44 454.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 222.10 454.10 Td (. Sprott Resource Lending Corporation is a minority shareholder and af) Tj ET Q q 0 0 0 rg BT 509.63 454.10 Td (filiated with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (another minority shareholder) Tj ET Q q 0 0 0 rg BT 165.67 442.10 Td (, Sprott Resource Corporation.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 416.53505859375 m 177.763671875 416.53505859375 l s q 0 0 0 rg BT 50.00 418.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.71 418.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 136.10 418.10 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.49 394.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 116.97 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.25 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.41 394.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 196.90 394.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 234.83 394.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 279.99 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.71 394.10 Td (conformity ) Tj ET Q q 0 0 0 rg BT 338.09 394.10 Td (with ) Tj ET Q q 0 0 0 rg BT 358.82 394.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 382.89 394.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 418.04 394.10 Td (management ) Tj ET Q q 0 0 0 rg BT 472.08 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.80 394.10 Td (make ) Tj ET Q q 0 0 0 rg BT 507.40 394.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 547.56 394.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 101.65 382.10 Td (that ) Tj ET Q q 0 0 0 rg BT 118.84 382.10 Td (af) Tj ET Q q 0 0 0 rg BT 126.43 382.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 143.61 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.03 382.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 193.54 382.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 229.63 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.16 382.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 265.69 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.32 382.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 321.74 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.38 382.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 381.12 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.65 382.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 436.06 382.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 461.59 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.23 382.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 517.64 382.10 Td (at ) Tj ET Q q 0 0 0 rg BT 527.06 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.47 382.10 Td (dates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.87 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.63 370.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 128.72 370.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 166.25 370.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 211.00 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.98 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.74 370.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 278.60 370.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 315.03 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.91 370.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 363.99 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.97 370.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 419.61 370.10 Td (during ) Tj ET Q q 0 0 0 rg BT 448.27 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.03 370.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 498.89 370.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 533.37 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 535.35 370.10 Td (Actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (outcomes ) Tj ET Q q 0 0 0 rg BT 92.36 358.10 Td (may ) Tj ET Q q 0 0 0 rg BT 113.61 358.10 Td (dif) Tj ET Q q 0 0 0 rg BT 124.54 358.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 139.67 358.10 Td (from ) Tj ET Q q 0 0 0 rg BT 163.15 358.10 Td (those ) Tj ET Q q 0 0 0 rg BT 188.29 358.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 229.54 358.10 Td (should ) Tj ET Q q 0 0 0 rg BT 260.24 358.10 Td (dif) Tj ET Q q 0 0 0 rg BT 271.17 358.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 298.52 358.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 352.00 358.10 Td (or ) Tj ET Q q 0 0 0 rg BT 364.37 358.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 410.07 358.10 Td (arise. ) Tj ET Q q 0 0 0 rg BT 435.48 358.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 483.40 358.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 507.97 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.34 358.10 Td (estimation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 97.52 346.10 Td (that ) Tj ET Q q 0 0 0 rg BT 115.06 346.10 Td (could ) Tj ET Q q 0 0 0 rg BT 139.82 346.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 164.57 346.10 Td (a ) Tj ET Q q 0 0 0 rg BT 171.55 346.10 Td (material ) Tj ET Q q 0 0 0 rg BT 206.85 346.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 253.27 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 263.59 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.35 346.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 314.20 346.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 350.63 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.50 346.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 387.38 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.36 346.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 444.11 346.10 Td (within ) Tj ET Q q 0 0 0 rg BT 472.21 346.10 Td (one ) Tj ET Q q 0 0 0 rg BT 489.19 346.10 Td (year ) Tj ET Q q 0 0 0 rg BT 508.94 346.10 Td (are ) Tj ET Q q 0 0 0 rg BT 523.69 346.10 Td (presented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (below) Tj ET Q q 0 0 0 rg BT 73.79 334.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 308.7669921875 m 170.4345703125 308.7669921875 l s q 0 0 0 rg BT 50.00 310.10 Td (Property) Tj ET Q q 0 0 0 rg BT 83.79 310.10 Td (, ) Tj ET Q q 0 0 0 rg BT 88.79 310.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 111.28 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.22 310.10 Td (equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.42 286.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 93.73 286.10 Td (life ) Tj ET Q q 0 0 0 rg BT 108.92 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.12 286.10 Td (property) Tj ET Q q 0 0 0 rg BT 152.35 286.10 Td (, ) Tj ET Q q 0 0 0 rg BT 156.72 286.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 178.58 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.89 286.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 238.97 286.10 Td (is ) Tj ET Q q 0 0 0 rg BT 247.51 286.10 Td (based ) Tj ET Q q 0 0 0 rg BT 272.15 286.10 Td (on ) Tj ET Q q 0 0 0 rg BT 284.02 286.10 Td (management) Tj ET Q q 0 0 0 rg BT 337.89 286.10 Td (s ) Tj ET Q q 0 0 0 rg BT 343.65 286.10 Td (best ) Tj ET Q q 0 0 0 rg BT 361.63 286.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 396.82 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.02 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.11 286.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 447.42 286.10 Td (life ) Tj ET Q q 0 0 0 rg BT 462.61 286.10 Td (at ) Tj ET Q q 0 0 0 rg BT 471.70 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.79 286.10 Td (time ) Tj ET Q q 0 0 0 rg BT 505.43 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.63 286.10 Td (acquisition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.38 274.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 93.65 274.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 114.36 274.10 Td (are ) Tj ET Q q 0 0 0 rg BT 128.40 274.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 166.88 274.10 Td (at ) Tj ET Q q 0 0 0 rg BT 175.92 274.10 Td (least ) Tj ET Q q 0 0 0 rg BT 196.08 274.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 232.34 274.10 Td (or ) Tj ET Q q 0 0 0 rg BT 242.50 274.10 Td (when ) Tj ET Q q 0 0 0 rg BT 265.99 274.10 Td (other ) Tj ET Q q 0 0 0 rg BT 288.37 274.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 322.41 274.10 Td (or ) Tj ET Q q 0 0 0 rg BT 332.57 274.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 391.04 274.10 Td (warrant ) Tj ET Q q 0 0 0 rg BT 423.40 274.10 Td (this ) Tj ET Q q 0 0 0 rg BT 439.68 274.10 Td (review) Tj ET Q q 0 0 0 rg BT 466.24 274.10 Td (. ) Tj ET Q q 0 0 0 rg BT 470.44 274.10 Td (The ) Tj ET Q q 0 0 0 rg BT 487.81 274.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 514.08 274.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 534.80 274.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.55 262.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 115.43 262.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 148.97 262.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 185.28 262.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.40 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.95 262.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 247.61 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.28 262.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 300.27 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.04 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.60 262.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 364.25 262.10 Td (value ) Tj ET Q q 0 0 0 rg BT 387.24 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.91 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.46 262.10 Td (items ) Tj ET Q q 0 0 0 rg BT 433.47 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.13 262.10 Td (property) Tj ET Q q 0 0 0 rg BT 476.36 262.10 Td (, ) Tj ET Q q 0 0 0 rg BT 480.20 262.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 501.53 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.30 262.10 Td (equipment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 99.34 250.10 Td (, ) Tj ET Q q 0 0 0 rg BT 106.74 250.10 Td (a ) Tj ET Q q 0 0 0 rg BT 116.08 250.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 163.20 250.10 Td (departure ) Tj ET Q q 0 0 0 rg BT 205.85 250.10 Td (from ) Tj ET Q q 0 0 0 rg BT 230.20 250.10 Td (management) Tj ET Q q 0 0 0 rg BT 284.06 250.10 Td (s ) Tj ET Q q 0 0 0 rg BT 292.86 250.10 Td (expectation, ) Tj ET Q q 0 0 0 rg BT 346.35 250.10 Td (including ) Tj ET Q q 0 0 0 rg BT 389.03 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.15 250.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 438.26 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.50 250.10 Td (any ) Tj ET Q q 0 0 0 rg BT 470.84 250.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 507.95 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.63 250.10 Td (economic, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (technological ) Tj ET Q q 0 0 0 rg BT 107.09 238.10 Td (or ) Tj ET Q q 0 0 0 rg BT 118.65 238.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 162.97 238.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 222.83 238.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 255.50 238.10 Td (management) Tj ET Q q 0 0 0 rg BT 309.36 238.10 Td (s ) Tj ET Q q 0 0 0 rg BT 316.48 238.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 350.53 238.10 Td (may ) Tj ET Q q 0 0 0 rg BT 370.97 238.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 401.41 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.85 238.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 453.39 238.10 Td (value ) Tj ET Q q 0 0 0 rg BT 478.27 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.83 238.10 Td (items ) Tj ET Q q 0 0 0 rg BT 514.72 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.27 238.10 Td (property) Tj ET Q q 0 0 0 rg BT 559.50 238.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 72.50 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.43 226.10 Td (equipment. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 200.76699218750002 m 175.224609375 200.76699218750002 l s q 0 0 0 rg BT 50.00 202.10 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 84.71 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.65 202.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 138.01 202.10 Td (estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.22 202.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (Coal ) Tj ET Q q 0 0 0 rg BT 71.71 178.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 103.40 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.66 178.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 157.35 178.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 197.39 178.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 231.86 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.90 178.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 279.72 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.88 178.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 310.36 178.10 Td (that ) Tj ET Q q 0 0 0 rg BT 328.18 178.10 Td (can ) Tj ET Q q 0 0 0 rg BT 344.88 178.10 Td (be ) Tj ET Q q 0 0 0 rg BT 357.14 178.10 Td (feasibly ) Tj ET Q q 0 0 0 rg BT 391.62 178.10 Td (extracted ) Tj ET Q q 0 0 0 rg BT 431.08 178.10 Td (from ) Tj ET Q q 0 0 0 rg BT 453.34 178.10 Td (Corsa) Tj ET Q q 0 0 0 rg BT 479.45 178.10 Td (s ) Tj ET Q q 0 0 0 rg BT 486.17 178.10 Td (mineral ) Tj ET Q q 0 0 0 rg BT 519.53 178.10 Td (properties. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.08 166.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 107.82 166.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 140.34 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.09 166.10 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 194.28 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.14 166.10 Td (various ) Tj ET Q q 0 0 0 rg BT 237.11 166.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 274.07 166.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 301.05 166.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 340.23 166.10 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 396.63 166.10 Td (by ) Tj ET Q q 0 0 0 rg BT 409.16 166.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 447.23 166.10 Td (geological ) Tj ET Q q 0 0 0 rg BT 491.41 166.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 532.82 166.10 Td (such ) Tj ET Q q 0 0 0 rg BT 553.68 166.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.30 154.10 Td (size, ) Tj ET Q q 0 0 0 rg BT 86.43 154.10 Td (shape ) Tj ET Q q 0 0 0 rg BT 112.28 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.80 154.10 Td (depth ) Tj ET Q q 0 0 0 rg BT 155.10 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.52 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.82 154.10 Td (mineral ) Tj ET Q q 0 0 0 rg BT 215.44 154.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 247.41 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.94 154.10 Td (other ) Tj ET Q q 0 0 0 rg BT 288.57 154.10 Td (geological ) Tj ET Q q 0 0 0 rg BT 333.30 154.10 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 388.33 154.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 414.18 154.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 454.48 154.10 Td (include ) Tj ET Q q 0 0 0 rg BT 487.00 154.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 535.63 154.10 Td (prices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (production ) Tj ET Q q 0 0 0 rg BT 97.61 142.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 121.90 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.63 142.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 171.57 142.10 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 223.06 142.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 282.05 142.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 330.22 142.10 Td (departures ) Tj ET Q q 0 0 0 rg BT 376.16 142.10 Td (from ) Tj ET Q q 0 0 0 rg BT 399.89 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.39 142.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 457.89 142.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 492.17 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 504.24 142.10 Td (management) Tj ET Q q 0 0 0 rg BT 558.11 142.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (calculations ) Tj ET Q q 0 0 0 rg BT 100.26 130.10 Td (may ) Tj ET Q q 0 0 0 rg BT 119.98 130.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 149.69 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.40 130.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 200.22 130.10 Td (value ) Tj ET Q q 0 0 0 rg BT 224.38 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.21 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.92 130.10 Td (mineral ) Tj ET Q q 0 0 0 rg BT 282.96 130.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 327.95 130.10 Td (reclamation ) Tj ET Q q 0 0 0 rg BT 377.65 130.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 421.82 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.75 130.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 491.79 130.10 Td (expense. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 104.76699218750002 m 180.52734375 104.76699218750002 l s q 0 0 0 rg BT 50.00 106.10 Td (Reclamation ) Tj ET Q q 0 0 0 rg BT 103.04 106.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 143.32 106.10 Td (estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (Reclamation ) Tj ET Q q 0 0 0 rg BT 103.28 82.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 147.70 82.10 Td (are ) Tj ET Q q 0 0 0 rg BT 162.65 82.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 209.26 82.10 Td (by ) Tj ET Q q 0 0 0 rg BT 222.00 82.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 248.08 82.10 Td (for ) Tj ET Q q 0 0 0 rg BT 262.49 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.45 82.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 318.51 82.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 341.26 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.78 82.10 Td (reclaim ) Tj ET Q q 0 0 0 rg BT 384.51 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.47 82.10 Td (site ) Tj ET Q q 0 0 0 rg BT 416.10 82.10 Td (at ) Tj ET Q q 0 0 0 rg BT 426.07 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.03 82.10 Td (end ) Tj ET Q q 0 0 0 rg BT 458.21 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.29 82.10 Td (mine ) Tj ET Q q 0 0 0 rg BT 492.03 82.10 Td (life. ) Tj ET Q q 0 0 0 rg BT 510.40 82.10 Td (The ) Tj ET Q q 0 0 0 rg BT 528.69 82.10 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.69 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.71 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.61 70.10 Td (reclamation ) Tj ET Q q 0 0 0 rg BT 158.50 70.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 198.97 70.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.44 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.35 70.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 277.58 70.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 315.25 70.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 360.15 70.10 Td (is ) Tj ET Q q 0 0 0 rg BT 369.51 70.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 400.53 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.00 70.10 Td (various ) Tj ET Q q 0 0 0 rg BT 443.13 70.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 483.03 70.10 Td (including ) Tj ET Q q 0 0 0 rg BT 523.49 70.10 Td (mine ) Tj ET Q q 0 0 0 rg BT 546.18 70.10 Td (life, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 104.62 58.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 123.69 58.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 147.21 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.29 58.10 Td (reclaim ) Tj ET Q q 0 0 0 rg BT 187.57 58.10 Td (mineral ) Tj ET Q q 0 0 0 rg BT 219.41 58.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 263.19 58.10 Td (inflation ) Tj ET Q q 0 0 0 rg BT 298.37 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.11 58.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 349.30 58.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 371.88 58.10 Td (The ) Tj ET Q q 0 0 0 rg BT 388.72 58.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 427.80 58.10 Td (at ) Tj ET Q q 0 0 0 rg BT 436.32 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.83 58.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 481.66 58.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 503.51 58.10 Td (date ) Tj ET Q q 0 0 0 rg BT 521.46 58.10 Td (represents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (management) Tj ET Q q 0 0 0 rg BT 103.87 46.10 Td (s ) Tj ET Q q 0 0 0 rg BT 110.59 46.10 Td (best ) Tj ET Q q 0 0 0 rg BT 129.53 46.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 165.68 46.10 Td (but ) Tj ET Q q 0 0 0 rg BT 181.28 46.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 226.33 46.10 Td (departures ) Tj ET Q q 0 0 0 rg BT 270.80 46.10 Td (from ) Tj ET Q q 0 0 0 rg BT 293.07 46.10 Td (management) Tj ET Q q 0 0 0 rg BT 346.94 46.10 Td (s ) Tj ET Q q 0 0 0 rg BT 353.66 46.10 Td (expectation, ) Tj ET Q q 0 0 0 rg BT 405.08 46.10 Td (including ) Tj ET Q q 0 0 0 rg BT 445.68 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.73 46.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 490.77 46.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.93 46.10 Td (any ) Tj ET Q q 0 0 0 rg BT 519.19 46.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.23 46.10 Td (in ) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (economic, ) Tj ET Q q 0 0 0 rg BT 93.74 742.10 Td (technological ) Tj ET Q q 0 0 0 rg BT 149.98 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 160.67 742.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 204.14 742.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 265.64 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 285.23 742.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 314.81 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.39 742.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 365.08 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 389.10 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.80 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.38 742.10 Td (reclamation ) Tj ET Q q 0 0 0 rg BT 463.95 742.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 504.10 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.90 742.10 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (reclamation ) Tj ET Q q 0 0 0 rg BT 99.70 730.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 118.31 730.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 140.24 730.10 Td (included ) Tj ET Q q 0 0 0 rg BT 177.18 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.46 730.10 Td (property) Tj ET Q q 0 0 0 rg BT 220.68 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 225.68 730.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 248.18 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.12 730.10 Td (equipment.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 704.7669921875 m 175.244140625 704.7669921875 l s q 0 0 0 rg BT 50.00 706.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 99.15 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.98 706.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 151.91 706.10 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 76.03 682.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 109.83 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.97 682.10 Td (tests ) Tj ET Q q 0 0 0 rg BT 147.45 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.36 682.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 198.38 682.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 234.97 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.00 682.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 288.13 682.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 314.16 682.10 Td (when ) Tj ET Q q 0 0 0 rg BT 338.52 682.10 Td (an ) Tj ET Q q 0 0 0 rg BT 350.66 682.10 Td (indicator ) Tj ET Q q 0 0 0 rg BT 388.90 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.93 682.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 448.73 682.10 Td (is ) Tj ET Q q 0 0 0 rg BT 458.10 682.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 504.12 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.59 682.10 Td (exist. ) Tj ET Q q 0 0 0 rg BT 538.68 682.10 Td (Corsa ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 90.61 670.10 Td (both ) Tj ET Q q 0 0 0 rg BT 111.23 670.10 Td (external ) Tj ET Q q 0 0 0 rg BT 146.27 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.54 670.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 196.93 670.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 229.76 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.93 670.10 Td (information ) Tj ET Q q 0 0 0 rg BT 290.98 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 301.59 670.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 341.66 670.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 376.70 670.10 Td (there ) Tj ET Q q 0 0 0 rg BT 399.53 670.10 Td (are ) Tj ET Q q 0 0 0 rg BT 414.57 670.10 Td (any ) Tj ET Q q 0 0 0 rg BT 431.85 670.10 Td (indications ) Tj ET Q q 0 0 0 rg BT 478.57 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 496.41 670.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 538.68 670.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.03 658.10 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 103.90 658.10 Td (External ) Tj ET Q q 0 0 0 rg BT 139.60 658.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 171.42 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.58 658.10 Td (information ) Tj ET Q q 0 0 0 rg BT 230.62 658.10 Td (that ) Tj ET Q q 0 0 0 rg BT 247.44 658.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 272.60 658.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 312.20 658.10 Td (include ) Tj ET Q q 0 0 0 rg BT 343.46 658.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 377.49 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 387.10 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.14 658.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 433.23 658.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 473.93 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.20 658.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 511.46 658.10 Td (environment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.13 646.10 Td (which ) Tj ET Q q 0 0 0 rg BT 86.92 646.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 112.61 646.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 148.28 646.10 Td (that ) Tj ET Q q 0 0 0 rg BT 165.63 646.10 Td (are ) Tj ET Q q 0 0 0 rg BT 180.19 646.10 Td (not ) Tj ET Q q 0 0 0 rg BT 195.32 646.10 Td (within ) Tj ET Q q 0 0 0 rg BT 223.23 646.10 Td (its ) Tj ET Q q 0 0 0 rg BT 235.03 646.10 Td (control ) Tj ET Q q 0 0 0 rg BT 265.71 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.50 646.10 Td (af) Tj ET Q q 0 0 0 rg BT 290.09 646.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 307.43 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.00 646.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 370.98 646.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 407.22 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.91 646.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 459.69 646.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 487.88 646.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 521.32 646.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 553.67 646.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (information ) Tj ET Q q 0 0 0 rg BT 100.38 634.10 Td (that ) Tj ET Q q 0 0 0 rg BT 118.54 634.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 145.03 634.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 185.96 634.10 Td (include ) Tj ET Q q 0 0 0 rg BT 218.56 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.94 634.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 267.09 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.03 634.10 Td (which ) Tj ET Q q 0 0 0 rg BT 305.63 634.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 348.23 634.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 374.73 634.10 Td (are ) Tj ET Q q 0 0 0 rg BT 390.10 634.10 Td (being ) Tj ET Q q 0 0 0 rg BT 415.48 634.10 Td (used ) Tj ET Q q 0 0 0 rg BT 436.97 634.10 Td (or ) Tj ET Q q 0 0 0 rg BT 448.47 634.10 Td (are ) Tj ET Q q 0 0 0 rg BT 463.84 634.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 502.53 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.48 634.10 Td (be ) Tj ET Q q 0 0 0 rg BT 526.08 634.10 Td (used ) Tj ET Q q 0 0 0 rg BT 547.57 634.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (indications ) Tj ET Q q 0 0 0 rg BT 96.38 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.21 622.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 148.58 622.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 201.61 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.44 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.15 622.10 Td (assets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (For ) Tj ET Q q 0 0 0 rg BT 65.82 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.97 598.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 117.45 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.71 598.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 177.95 598.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 212.09 598.10 Td (an ) Tj ET Q q 0 0 0 rg BT 223.46 598.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 271.48 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.74 598.10 Td (an ) Tj ET Q q 0 0 0 rg BT 293.11 598.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 314.48 598.10 Td (has ) Tj ET Q q 0 0 0 rg BT 329.74 598.10 Td (occurred, ) Tj ET Q q 0 0 0 rg BT 369.14 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.51 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.65 598.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 431.58 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.84 598.10 Td (any ) Tj ET Q q 0 0 0 rg BT 458.20 598.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 506.23 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 516.49 598.10 Td (its ) Tj ET Q q 0 0 0 rg BT 527.87 598.10 Td (reversal, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (management ) Tj ET Q q 0 0 0 rg BT 103.59 586.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 123.31 586.10 Td (key ) Tj ET Q q 0 0 0 rg BT 140.24 586.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 192.19 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.46 586.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 246.62 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.34 586.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 310.46 586.10 Td (value ) Tj ET Q q 0 0 0 rg BT 334.62 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.44 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 352.38 586.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 372.65 586.10 Td (generating ) Tj ET Q q 0 0 0 rg BT 417.35 586.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 435.40 586.10 Td (\(CGU\) ) Tj ET Q q 0 0 0 rg BT 474.55 586.10 Td (which ) Tj ET Q q 0 0 0 rg BT 501.48 586.10 Td (is ) Tj ET Q q 0 0 0 rg BT 510.65 586.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 553.68 586.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 574.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 92.76 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.59 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.31 574.10 Td (CGU) Tj ET Q q 0 0 0 rg BT 142.20 574.10 Td (s ) Tj ET Q q 0 0 0 rg BT 148.59 574.10 Td (value ) Tj ET Q q 0 0 0 rg BT 172.75 574.10 Td (in-use ) Tj ET Q q 0 0 0 rg BT 199.69 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.63 574.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 233.00 574.10 Td (value ) Tj ET Q q 0 0 0 rg BT 257.16 574.10 Td (less ) Tj ET Q q 0 0 0 rg BT 274.66 574.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 297.16 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.99 574.10 Td (disposal. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 87.32 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.97 550.10 Td (these ) Tj ET Q q 0 0 0 rg BT 121.40 550.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 161.49 550.10 Td (which ) Tj ET Q q 0 0 0 rg BT 188.81 550.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 226.10 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.19 550.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 282.39 550.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 331.90 550.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 364.78 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.98 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.08 550.10 Td (CGU ) Tj ET Q q 0 0 0 rg BT 415.07 550.10 Td (could ) Tj ET Q q 0 0 0 rg BT 440.17 550.10 Td (af) Tj ET Q q 0 0 0 rg BT 447.75 550.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 465.62 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.71 550.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 516.91 550.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 553.67 550.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.83 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.77 538.10 Td (result ) Tj ET Q q 0 0 0 rg BT 117.49 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.76 538.10 Td (an ) Tj ET Q q 0 0 0 rg BT 139.70 538.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 188.30 538.10 Td (char) Tj ET Q q 0 0 0 rg BT 205.33 538.10 Td (ge.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 512.7669921875 m 235.78125 512.7669921875 l s q 0 0 0 rg BT 50.00 514.10 Td (Evaluation ) Tj ET Q q 0 0 0 rg BT 95.82 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.65 514.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 154.69 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.63 514.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 215.78 514.10 Td (costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 105.97 490.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 135.28 490.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 176.25 490.10 Td (as ) Tj ET Q q 0 0 0 rg BT 188.34 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.89 490.10 Td (when ) Tj ET Q q 0 0 0 rg BT 225.31 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 233.51 490.10 Td (known ) Tj ET Q q 0 0 0 rg BT 264.50 490.10 Td (mineral ) Tj ET Q q 0 0 0 rg BT 298.80 490.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 331.45 490.10 Td (would ) Tj ET Q q 0 0 0 rg BT 360.21 490.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 394.52 490.10 Td (future ) Tj ET Q q 0 0 0 rg BT 422.16 490.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 453.69 490.10 Td (suf) Tj ET Q q 0 0 0 rg BT 465.73 490.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 495.04 490.10 Td (enough ) Tj ET Q q 0 0 0 rg BT 528.24 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 539.78 490.10 Td (begin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 107.37 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.22 478.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 168.27 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.22 478.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 231.38 478.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 256.62 478.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 286.79 478.10 Td (results ) Tj ET Q q 0 0 0 rg BT 316.41 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 328.25 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.54 478.10 Td (when ) Tj ET Q q 0 0 0 rg BT 364.71 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 372.67 478.10 Td (project ) Tj ET Q q 0 0 0 rg BT 403.94 478.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 441.89 478.10 Td (future ) Tj ET Q q 0 0 0 rg BT 469.28 478.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 500.56 478.10 Td (may ) Tj ET Q q 0 0 0 rg BT 521.29 478.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 542.57 478.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (management) Tj ET Q q 0 0 0 rg BT 103.87 466.10 Td (s ) Tj ET Q q 0 0 0 rg BT 110.26 466.10 Td (estimate. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 440.7669921875 m 158.0078125 440.7669921875 l s q 0 0 0 rg BT 50.00 442.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 88.03 442.10 Td (income ) Tj ET Q q 0 0 0 rg BT 119.96 442.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 134.68 442.10 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.25 418.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 104.27 418.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 136.97 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.01 418.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 184.02 418.10 Td (income ) Tj ET Q q 0 0 0 rg BT 216.16 418.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 231.08 418.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 257.11 418.10 Td (is ) Tj ET Q q 0 0 0 rg BT 266.49 418.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 305.84 418.10 Td (at ) Tj ET Q q 0 0 0 rg BT 315.76 418.10 Td (each ) Tj ET Q q 0 0 0 rg BT 336.78 418.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 370.02 418.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 393.27 418.10 Td (date ) Tj ET Q q 0 0 0 rg BT 412.63 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.78 418.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 464.13 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.61 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.53 418.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 516.67 418.10 Td (that ) Tj ET Q q 0 0 0 rg BT 534.37 418.10 Td (it ) Tj ET Q q 0 0 0 rg BT 542.63 418.10 Td (is ) Tj ET Q q 0 0 0 rg BT 552.01 418.10 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 78.19 406.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 115.82 406.10 Td (that ) Tj ET Q q 0 0 0 rg BT 133.46 406.10 Td (suf) Tj ET Q q 0 0 0 rg BT 145.50 406.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 173.69 406.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 205.21 406.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 230.07 406.10 Td (will ) Tj ET Q q 0 0 0 rg BT 248.27 406.10 Td (be ) Tj ET Q q 0 0 0 rg BT 260.36 406.10 Td (available ) Tj ET Q q 0 0 0 rg BT 299.09 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.52 406.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 334.38 406.10 Td (all ) Tj ET Q q 0 0 0 rg BT 347.02 406.10 Td (or ) Tj ET Q q 0 0 0 rg BT 358.00 406.10 Td (part ) Tj ET Q q 0 0 0 rg BT 376.19 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.16 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.03 406.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 437.98 406.10 Td (income ) Tj ET Q q 0 0 0 rg BT 470.06 406.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 484.92 406.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 507.00 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.43 406.10 Td (be ) Tj ET Q q 0 0 0 rg BT 529.51 406.10 Td (utilized. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Unrecognized ) Tj ET Q q 0 0 0 rg BT 109.17 394.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 145.56 394.10 Td (income ) Tj ET Q q 0 0 0 rg BT 178.08 394.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 193.38 394.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 219.79 394.10 Td (are ) Tj ET Q q 0 0 0 rg BT 235.09 394.10 Td (reassessed ) Tj ET Q q 0 0 0 rg BT 279.82 394.10 Td (at ) Tj ET Q q 0 0 0 rg BT 290.12 394.10 Td (each ) Tj ET Q q 0 0 0 rg BT 311.52 394.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 345.14 394.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 368.77 394.10 Td (date ) Tj ET Q q 0 0 0 rg BT 388.51 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.04 394.10 Td (are ) Tj ET Q q 0 0 0 rg BT 421.33 394.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 468.28 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 479.14 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.44 394.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 521.96 394.10 Td (that ) Tj ET Q q 0 0 0 rg BT 540.04 394.10 Td (it ) Tj ET Q q 0 0 0 rg BT 548.68 394.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (become ) Tj ET Q q 0 0 0 rg BT 83.66 382.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 121.20 382.10 Td (that ) Tj ET Q q 0 0 0 rg BT 138.76 382.10 Td (future ) Tj ET Q q 0 0 0 rg BT 165.20 382.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 196.64 382.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 221.42 382.10 Td (will ) Tj ET Q q 0 0 0 rg BT 239.53 382.10 Td (be ) Tj ET Q q 0 0 0 rg BT 251.54 382.10 Td (available ) Tj ET Q q 0 0 0 rg BT 290.19 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.53 382.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 325.31 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.09 382.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 375.95 382.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 390.73 382.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 412.73 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.08 382.10 Td (be ) Tj ET Q q 0 0 0 rg BT 435.08 382.10 Td (recovered. ) Tj ET Q q 0 0 0 rg BT 479.37 382.10 Td (There ) Tj ET Q q 0 0 0 rg BT 505.25 382.10 Td (is ) Tj ET Q q 0 0 0 rg BT 514.48 382.10 Td (no ) Tj ET Q q 0 0 0 rg BT 527.04 382.10 Td (certainty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.50 370.10 Td (income ) Tj ET Q q 0 0 0 rg BT 99.43 370.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 114.15 370.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 135.52 370.10 Td (will ) Tj ET Q q 0 0 0 rg BT 153.58 370.10 Td (be ) Tj ET Q q 0 0 0 rg BT 165.52 370.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 208.01 370.10 Td (with ) Tj ET Q q 0 0 0 rg BT 228.29 370.10 Td (current ) Tj ET Q q 0 0 0 rg BT 259.11 370.10 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 301.32 370.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 338.26 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 348.54 370.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 363.25 370.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 384.63 370.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 419.88 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.60 370.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 473.21 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.04 370.10 Td (Corsa) Tj ET Q q 0 0 0 rg BT 510.15 370.10 Td (s ) Tj ET Q q 0 0 0 rg BT 516.54 370.10 Td (earnings. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 344.7669921875 m 154.9560546875 344.7669921875 l s q 0 0 0 rg BT 50.00 346.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 88.60 346.10 Td (price ) Tj ET Q q 0 0 0 rg BT 111.08 346.10 Td (accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 104.69 322.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 124.41 322.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 164.68 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.95 322.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 212.43 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.14 322.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 273.52 322.10 Td (method ) Tj ET Q q 0 0 0 rg BT 306.01 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.83 322.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 363.19 322.10 Td (for ) Tj ET Q q 0 0 0 rg BT 377.35 322.10 Td (business ) Tj ET Q q 0 0 0 rg BT 413.73 322.10 Td (combinations ) Tj ET Q q 0 0 0 rg BT 470.10 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.04 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.31 322.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 548.12 322.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (values ) Tj ET Q q 0 0 0 rg BT 78.00 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.77 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.44 310.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 151.43 310.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 177.20 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.09 310.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 233.76 310.10 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 272.95 310.10 Td (The ) Tj ET Q q 0 0 0 rg BT 290.95 310.10 Td (value ) Tj ET Q q 0 0 0 rg BT 315.05 310.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 343.60 310.10 Td (on ) Tj ET Q q 0 0 0 rg BT 356.04 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.71 310.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 407.58 310.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 433.36 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.25 310.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 489.91 310.10 Td (are ) Tj ET Q q 0 0 0 rg BT 504.57 310.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 552.00 310.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 298.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 106.09 298.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 128.59 298.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 148.03 298.10 Td (as ) Tj ET Q q 0 0 0 rg BT 158.86 298.10 Td (such, ) Tj ET Q q 0 0 0 rg BT 182.19 298.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 204.69 298.10 Td (finalization, ) Tj ET Q q 0 0 0 rg BT 255.22 298.10 Td (may ) Tj ET Q q 0 0 0 rg BT 274.94 298.10 Td (dif) Tj ET Q q 0 0 0 rg BT 285.87 298.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 299.47 298.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 342.50 298.10 Td (from ) Tj ET Q q 0 0 0 rg BT 364.44 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.16 298.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 415.55 298.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 460.26 298.10 Td (recorded.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 272.53505859375 m 296.1669921875 272.53505859375 l s q 0 0 0 rg BT 50.00 274.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 89.17 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 99.46 274.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 150.85 274.10 Td (Policies ) Tj ET Q q 0 0 0 rg BT 185.57 274.10 Td (including ) Tj ET Q q 0 0 0 rg BT 228.09 274.10 Td (Initial ) Tj ET Q q 0 0 0 rg BT 256.15 274.10 Td (Adoption) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 248.76699218750002 m 191.07421875 248.76699218750002 l s q 0 0 0 rg BT 50.00 250.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 78.61 250.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 124.98 250.10 Td (pronouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 82.93 226.10 Td (new ) Tj ET Q q 0 0 0 rg BT 103.09 226.10 Td (standards, ) Tj ET Q q 0 0 0 rg BT 146.86 226.10 Td (interpretations, ) Tj ET Q q 0 0 0 rg BT 210.62 226.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 264.66 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.60 226.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 343.31 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.59 226.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 389.76 226.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 431.03 226.10 Td (were ) Tj ET Q q 0 0 0 rg BT 453.95 226.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 482.45 226.10 Td (by ) Tj ET Q q 0 0 0 rg BT 495.95 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.67 226.10 Td (IASB ) Tj ET Q q 0 0 0 rg BT 537.95 226.10 Td (or ) Tj ET Q q 0 0 0 rg BT 549.78 226.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (International ) Tj ET Q q 0 0 0 rg BT 103.88 214.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 143.88 214.10 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 186.66 214.10 Td (Interpretations ) Tj ET Q q 0 0 0 rg BT 247.75 214.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 294.98 214.10 Td (\("IFRIC"\) ) Tj ET Q q 0 0 0 rg BT 338.15 214.10 Td (that ) Tj ET Q q 0 0 0 rg BT 355.94 214.10 Td (are ) Tj ET Q q 0 0 0 rg BT 370.93 214.10 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 416.48 214.10 Td (for ) Tj ET Q q 0 0 0 rg BT 430.93 214.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 477.59 214.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 509.81 214.10 Td (after ) Tj ET Q q 0 0 0 rg BT 530.92 214.10 Td (January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 60.00 202.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 85.00 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.50 202.10 Td (Updates ) Tj ET Q q 0 0 0 rg BT 122.77 202.10 Td (that ) Tj ET Q q 0 0 0 rg BT 140.26 202.10 Td (are ) Tj ET Q q 0 0 0 rg BT 154.97 202.10 Td (not ) Tj ET Q q 0 0 0 rg BT 170.25 202.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 202.18 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 213.01 202.10 Td (are ) Tj ET Q q 0 0 0 rg BT 227.72 202.10 Td (not ) Tj ET Q q 0 0 0 rg BT 243.00 202.10 Td (consequential ) Tj ET Q q 0 0 0 rg BT 300.48 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.76 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.47 202.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 366.86 202.10 Td (have ) Tj ET Q q 0 0 0 rg BT 388.24 202.10 Td (been ) Tj ET Q q 0 0 0 rg BT 409.61 202.10 Td (excluded.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 52.50 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 55.00 178.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 57.50 178.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 71.66 178.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 94.71 178.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 102.21 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 109.71 178.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 151.09 178.10 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.82 154.10 Td (July ) Tj ET Q q 0 0 0 rg BT 79.97 154.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 104.96 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.66 154.10 Td (IASB ) Tj ET Q q 0 0 0 rg BT 144.93 154.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 172.42 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.12 154.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 226.26 154.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 249.87 154.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 257.36 154.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 264.85 154.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 306.21 154.10 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.44 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.92 154.10 Td (\("IFRS ) Tj ET Q q 0 0 0 rg BT 386.94 154.10 Td (9"\), ) Tj ET Q q 0 0 0 rg BT 404.34 154.10 Td (which ) Tj ET Q q 0 0 0 rg BT 431.27 154.10 Td (introduced ) Tj ET Q q 0 0 0 rg BT 476.52 154.10 Td (new ) Tj ET Q q 0 0 0 rg BT 495.67 154.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 550.35 154.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.88 142.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 120.29 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.39 142.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 193.36 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.35 142.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 241.99 142.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 270.48 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.13 142.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 300.78 142.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 324.57 142.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 334.72 142.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 372.36 142.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 398.35 142.10 Td (are ) Tj ET Q q 0 0 0 rg BT 413.22 142.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 453.64 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.74 142.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 511.71 142.10 Td (based ) Tj ET Q q 0 0 0 rg BT 537.14 142.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.80 142.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (business ) Tj ET Q q 0 0 0 rg BT 86.31 130.10 Td (model ) Tj ET Q q 0 0 0 rg BT 113.73 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.92 130.10 Td (which ) Tj ET Q q 0 0 0 rg BT 150.78 130.10 Td (they ) Tj ET Q q 0 0 0 rg BT 170.42 130.10 Td (are ) Tj ET Q q 0 0 0 rg BT 185.04 130.10 Td (held ) Tj ET Q q 0 0 0 rg BT 204.68 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.54 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.17 130.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 295.78 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.53 130.10 Td (their ) Tj ET Q q 0 0 0 rg BT 327.28 130.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 374.11 130.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 394.30 130.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 421.44 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 423.69 130.10 Td (The ) Tj ET Q q 0 0 0 rg BT 441.65 130.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 477.95 130.10 Td (introduces ) Tj ET Q q 0 0 0 rg BT 522.02 130.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.89 118.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 118.12 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.59 118.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 166.26 118.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 208.66 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.35 118.10 Td (It ) Tj ET Q q 0 0 0 rg BT 220.14 118.10 Td (also ) Tj ET Q q 0 0 0 rg BT 238.94 118.10 Td (amends ) Tj ET Q q 0 0 0 rg BT 272.17 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.08 118.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 335.86 118.10 Td (model ) Tj ET Q q 0 0 0 rg BT 363.54 118.10 Td (by ) Tj ET Q q 0 0 0 rg BT 376.23 118.10 Td (introducing ) Tj ET Q q 0 0 0 rg BT 425.02 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 432.15 118.10 Td (new ) Tj ET Q q 0 0 0 rg BT 451.49 118.10 Td ('expected ) Tj ET Q q 0 0 0 rg BT 491.51 118.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 516.96 118.10 Td (loss' ) Tj ET Q q 0 0 0 rg BT 537.02 118.10 Td (model ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.08 106.10 Td (calculating ) Tj ET Q q 0 0 0 rg BT 110.37 106.10 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 161.38 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.80 106.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 187.35 106.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 194.77 106.10 Td (also ) Tj ET Q q 0 0 0 rg BT 213.29 106.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 249.04 106.10 Td (a ) Tj ET Q q 0 0 0 rg BT 255.90 106.10 Td (new ) Tj ET Q q 0 0 0 rg BT 274.98 106.10 Td (general ) Tj ET Q q 0 0 0 rg BT 306.82 106.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 333.12 106.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 379.41 106.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 415.70 106.10 Td (which ) Tj ET Q q 0 0 0 rg BT 442.56 106.10 Td (aligns ) Tj ET Q q 0 0 0 rg BT 468.87 106.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 495.16 106.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 541.46 106.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (closely ) Tj ET Q q 0 0 0 rg BT 82.02 94.10 Td (with ) Tj ET Q q 0 0 0 rg BT 103.50 94.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 122.20 94.10 Td (management. ) Tj ET Q q 0 0 0 rg BT 179.48 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.91 94.10 Td (This ) Tj ET Q q 0 0 0 rg BT 204.39 94.10 Td (new ) Tj ET Q q 0 0 0 rg BT 224.75 94.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 262.32 94.10 Td (does ) Tj ET Q q 0 0 0 rg BT 284.35 94.10 Td (not ) Tj ET Q q 0 0 0 rg BT 300.83 94.10 Td (fundamentally ) Tj ET Q q 0 0 0 rg BT 362.28 94.10 Td (change ) Tj ET Q q 0 0 0 rg BT 394.30 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.21 94.10 Td (types ) Tj ET Q q 0 0 0 rg BT 435.02 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.04 94.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 482.96 94.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 537.76 94.10 Td (or ) Tj ET Q q 0 0 0 rg BT 549.79 94.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 101.61 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.69 82.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 149.30 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.04 82.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 209.20 82.10 Td (inef) Tj ET Q q 0 0 0 rg BT 224.57 82.10 Td (fectiveness, ) Tj ET Q q 0 0 0 rg BT 274.79 82.10 Td (however) Tj ET Q q 0 0 0 rg BT 308.82 82.10 Td (, ) Tj ET Q q 0 0 0 rg BT 314.62 82.10 Td (it ) Tj ET Q q 0 0 0 rg BT 323.48 82.10 Td (will ) Tj ET Q q 0 0 0 rg BT 342.33 82.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 376.18 82.10 Td (more ) Tj ET Q q 0 0 0 rg BT 400.03 82.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 435.54 82.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 476.61 82.10 Td (that ) Tj ET Q q 0 0 0 rg BT 494.90 82.10 Td (are ) Tj ET Q q 0 0 0 rg BT 510.41 82.10 Td (used ) Tj ET Q q 0 0 0 rg BT 532.04 82.10 Td (for ) Tj ET Q q 0 0 0 rg BT 547.00 82.10 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (management ) Tj ET Q q 0 0 0 rg BT 103.66 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.01 70.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 144.91 70.10 Td (for ) Tj ET Q q 0 0 0 rg BT 159.14 70.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 185.59 70.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 232.04 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.05 70.10 Td (introduce ) Tj ET Q q 0 0 0 rg BT 289.38 70.10 Td (more ) Tj ET Q q 0 0 0 rg BT 312.50 70.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 352.85 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.20 70.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 390.21 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.00 70.10 Td (ef) Tj ET Q q 0 0 0 rg BT 412.59 70.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 459.59 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.49 70.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.50 70.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 512.29 70.10 Td (relationship. ) Tj ET Q q 0 0 0 rg BT 564.50 70.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 74.39 58.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 82.66 58.10 Td (is ) Tj ET Q q 0 0 0 rg BT 92.59 58.10 Td (ef) Tj ET Q q 0 0 0 rg BT 100.18 58.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 130.65 58.10 Td (for ) Tj ET Q q 0 0 0 rg BT 145.58 58.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 175.50 58.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 208.20 58.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 251.46 58.10 Td (January ) Tj ET Q q 0 0 0 rg BT 285.83 58.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 296.60 58.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 322.36 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 325.39 58.10 Td (The ) Tj ET Q q 0 0 0 rg BT 344.21 58.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 386.36 58.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 418.51 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.56 58.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 455.04 58.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 479.43 58.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 487.70 58.10 Td (in ) Tj ET Q q 0 0 0 rg BT 498.74 58.10 Td (its ) Tj ET Q q 0 0 0 rg BT 511.46 58.10 Td (consolidated ) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 88.73 742.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 134.68 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 150.09 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.05 742.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 196.45 742.10 Td (period ) Tj ET Q q 0 0 0 rg BT 225.74 742.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 269.48 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 283.23 742.10 Td (January ) Tj ET Q q 0 0 0 rg BT 318.07 742.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 329.32 742.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 355.56 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.04 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 378.33 742.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 409.29 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.81 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.77 742.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 489.39 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.46 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.42 742.10 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.04 730.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.52 730.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 185.23 730.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 207.73 730.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 245.23 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.06 730.10 Td (this ) Tj ET Q q 0 0 0 rg BT 273.01 730.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 309.38 730.10 Td (has ) Tj ET Q q 0 0 0 rg BT 325.21 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 340.49 730.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 355.21 730.10 Td (been ) Tj ET Q q 0 0 0 rg BT 376.59 730.10 Td (determined.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 52.50 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 55.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 57.50 706.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 71.66 706.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 94.71 706.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 107.21 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 114.71 706.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 151.07 706.10 Td (fr) Tj ET Q q 0 0 0 rg BT 157.37 706.10 Td (om ) Tj ET Q q 0 0 0 rg BT 172.09 706.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 211.81 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 231.53 706.10 Td (customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.93 682.10 Td (May ) Tj ET Q q 0 0 0 rg BT 81.86 682.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 106.96 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.78 682.10 Td (IASB ) Tj ET Q q 0 0 0 rg BT 147.17 682.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 174.77 682.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 198.49 682.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 211.10 682.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 218.70 682.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 255.16 682.10 Td (fr) Tj ET Q q 0 0 0 rg BT 261.46 682.10 Td (om ) Tj ET Q q 0 0 0 rg BT 276.28 682.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 316.10 682.10 Td (with ) Tj ET Q q 0 0 0 rg BT 335.93 682.10 Td (customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.48 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 379.08 682.10 Td (\("IFRS ) Tj ET Q q 0 0 0 rg BT 410.22 682.10 Td (15"\). ) Tj ET Q q 0 0 0 rg BT 432.73 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 435.33 682.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 459.06 682.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 471.66 682.10 Td (is ) Tj ET Q q 0 0 0 rg BT 480.93 682.10 Td (ef) Tj ET Q q 0 0 0 rg BT 488.52 682.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 518.32 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 532.59 682.10 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 92.01 670.10 Td (on ) Tj ET Q q 0 0 0 rg BT 104.02 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 114.36 670.10 Td (after ) Tj ET Q q 0 0 0 rg BT 134.69 670.10 Td (January ) Tj ET Q q 0 0 0 rg BT 167.80 670.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 177.31 670.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 199.32 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.77 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 224.45 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.24 670.10 Td (be ) Tj ET Q q 0 0 0 rg BT 245.69 670.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 277.14 670.10 Td (retrospectively) Tj ET Q q 0 0 0 rg BT 335.91 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 340.42 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.43 670.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 365.57 670.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 377.58 670.10 Td (clarifies ) Tj ET Q q 0 0 0 rg BT 411.79 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.02 670.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 467.47 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 481.14 670.10 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 530.35 670.10 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (from ) Tj ET Q q 0 0 0 rg BT 72.38 658.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 111.42 658.10 Td (with ) Tj ET Q q 0 0 0 rg BT 132.14 658.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 178.13 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.86 658.10 Td (The ) Tj ET Q q 0 0 0 rg BT 199.35 658.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 241.18 658.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 273.01 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.73 658.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 308.89 658.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 332.96 658.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 345.90 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.63 658.10 Td (its ) Tj ET Q q 0 0 0 rg BT 369.02 658.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 422.50 658.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.43 658.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 505.58 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 520.18 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.34 658.10 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (period ) Tj ET Q q 0 0 0 rg BT 78.21 646.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 120.87 646.10 Td (January ) Tj ET Q q 0 0 0 rg BT 154.63 646.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 164.79 646.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 189.95 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.62 646.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 247.48 646.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 282.91 646.10 Td (that ) Tj ET Q q 0 0 0 rg BT 300.56 646.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 338.22 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.22 646.10 Td (this ) Tj ET Q q 0 0 0 rg BT 366.33 646.10 Td (new ) Tj ET Q q 0 0 0 rg BT 385.65 646.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 424.41 646.10 Td (will ) Tj ET Q q 0 0 0 rg BT 442.62 646.10 Td (not ) Tj ET Q q 0 0 0 rg BT 458.07 646.10 Td (have ) Tj ET Q q 0 0 0 rg BT 479.60 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 486.71 646.10 Td (material ) Tj ET Q q 0 0 0 rg BT 522.13 646.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 552.00 646.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 634.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 111.80 634.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 149.28 634.10 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 52.50 622.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 52.50 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 55.00 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 57.50 610.10 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 71.10 610.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 94.15 610.10 Td (16 ) Tj ET Q q 0 0 0 rg BT 106.65 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 114.15 610.10 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.80 586.10 Td (January ) Tj ET Q q 0 0 0 rg BT 94.37 586.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 119.35 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.03 586.10 Td (IASB ) Tj ET Q q 0 0 0 rg BT 159.29 586.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 186.76 586.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 210.36 586.10 Td (16 ) Tj ET Q q 0 0 0 rg BT 222.83 586.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.30 586.10 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.52 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 260.00 586.10 Td (\("IFRS ) Tj ET Q q 0 0 0 rg BT 291.00 586.10 Td (16"\). ) Tj ET Q q 0 0 0 rg BT 313.39 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.86 586.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 339.45 586.10 Td (16 ) Tj ET Q q 0 0 0 rg BT 351.93 586.10 Td (is ) Tj ET Q q 0 0 0 rg BT 361.07 586.10 Td (ef) Tj ET Q q 0 0 0 rg BT 368.66 586.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 398.33 586.10 Td (for ) Tj ET Q q 0 0 0 rg BT 412.46 586.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 444.37 586.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 486.84 586.10 Td (on ) Tj ET Q q 0 0 0 rg BT 499.31 586.10 Td (or ) Tj ET Q q 0 0 0 rg BT 510.12 586.10 Td (after ) Tj ET Q q 0 0 0 rg BT 530.90 586.10 Td (January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 59.87 574.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 82.25 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.06 574.10 Td (early ) Tj ET Q q 0 0 0 rg BT 121.42 574.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 158.78 574.10 Td (is ) Tj ET Q q 0 0 0 rg BT 167.83 574.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 208.52 574.10 Td (if ) Tj ET Q q 0 0 0 rg BT 217.00 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.59 574.10 Td (company ) Tj ET Q q 0 0 0 rg BT 270.62 574.10 Td (also ) Tj ET Q q 0 0 0 rg BT 289.10 574.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 319.80 574.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 343.30 574.10 Td (15. ) Tj ET Q q 0 0 0 rg BT 358.17 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 360.54 574.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 384.04 574.10 Td (16 ) Tj ET Q q 0 0 0 rg BT 396.41 574.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 413.78 574.10 Td (out ) Tj ET Q q 0 0 0 rg BT 428.94 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.53 574.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 485.33 574.10 Td (for ) Tj ET Q q 0 0 0 rg BT 499.37 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.96 574.10 Td (recognition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (measurement, ) Tj ET Q q 0 0 0 rg BT 108.43 562.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 159.93 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.99 562.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 220.16 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.12 562.10 Td (leases. ) Tj ET Q q 0 0 0 rg BT 260.12 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.55 562.10 Td (The ) Tj ET Q q 0 0 0 rg BT 280.72 562.10 Td (new ) Tj ET Q q 0 0 0 rg BT 300.00 562.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 336.50 562.10 Td (eliminates ) Tj ET Q q 0 0 0 rg BT 380.23 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.07 562.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 450.45 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.40 562.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 487.90 562.10 Td (as ) Tj ET Q q 0 0 0 rg BT 498.86 562.10 Td (either ) Tj ET Q q 0 0 0 rg BT 524.24 562.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 76.49 550.10 Td (or ) Tj ET Q q 0 0 0 rg BT 87.43 550.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 119.46 550.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 145.95 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.00 550.10 Td (introduces ) Tj ET Q q 0 0 0 rg BT 207.26 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.31 550.10 Td (single ) Tj ET Q q 0 0 0 rg BT 240.81 550.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 267.29 550.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 313.77 550.10 Td (model. ) Tj ET Q q 0 0 0 rg BT 343.88 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.91 550.10 Td (Applying ) Tj ET Q q 0 0 0 rg BT 386.30 550.10 Td (that ) Tj ET Q q 0 0 0 rg BT 403.91 550.10 Td (model, ) Tj ET Q q 0 0 0 rg BT 434.01 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 441.06 550.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 467.55 550.10 Td (is ) Tj ET Q q 0 0 0 rg BT 476.83 550.10 Td (required ) Tj ET Q q 0 0 0 rg BT 512.75 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.14 550.10 Td (recognize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 64.07 538.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 90.37 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.78 538.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 147.97 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 162.60 538.10 Td (all ) Tj ET Q q 0 0 0 rg BT 175.57 538.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 202.41 538.10 Td (with ) Tj ET Q q 0 0 0 rg BT 223.16 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 230.57 538.10 Td (term ) Tj ET Q q 0 0 0 rg BT 251.87 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.17 538.10 Td (more ) Tj ET Q q 0 0 0 rg BT 286.69 538.10 Td (than ) Tj ET Q q 0 0 0 rg BT 306.88 538.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 319.85 538.10 Td (months, ) Tj ET Q q 0 0 0 rg BT 354.77 538.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 382.74 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.93 538.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 444.22 538.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 466.63 538.10 Td (is ) Tj ET Q q 0 0 0 rg BT 476.27 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.58 538.10 Td (low ) Tj ET Q q 0 0 0 rg BT 505.55 538.10 Td (value; ) Tj ET Q q 0 0 0 rg BT 532.95 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.36 538.10 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (deprecation ) Tj ET Q q 0 0 0 rg BT 98.58 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.84 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.99 526.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 144.91 526.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 170.18 526.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 212.65 526.10 Td (from ) Tj ET Q q 0 0 0 rg BT 234.02 526.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 265.39 526.10 Td (on ) Tj ET Q q 0 0 0 rg BT 277.32 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.47 526.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 313.40 526.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 352.55 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 362.26 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.41 526.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 416.67 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.93 526.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 473.02 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 474.82 526.10 Td (The ) Tj ET Q q 0 0 0 rg BT 492.30 526.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 533.12 526.10 Td (intends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.93 514.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 86.30 514.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 110.58 514.10 Td (16 ) Tj ET Q q 0 0 0 rg BT 123.74 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.67 514.10 Td (its ) Tj ET Q q 0 0 0 rg BT 147.27 514.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 200.97 514.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 239.10 514.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 284.47 514.10 Td (for ) Tj ET Q q 0 0 0 rg BT 299.28 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.65 514.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 344.46 514.10 Td (period ) Tj ET Q q 0 0 0 rg BT 373.16 514.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 416.31 514.10 Td (January ) Tj ET Q q 0 0 0 rg BT 450.57 514.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 461.22 514.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 486.88 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 489.80 514.10 Td (The ) Tj ET Q q 0 0 0 rg BT 508.50 514.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 538.87 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.80 514.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 101.37 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.20 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.92 502.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 174.00 502.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 227.04 502.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 264.52 502.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 309.23 502.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 331.73 502.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 369.23 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.06 502.10 Td (this ) Tj ET Q q 0 0 0 rg BT 397.01 502.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 433.38 502.10 Td (has ) Tj ET Q q 0 0 0 rg BT 449.21 502.10 Td (not ) Tj ET Q q 0 0 0 rg BT 464.49 502.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 479.21 502.10 Td (been ) Tj ET Q q 0 0 0 rg BT 500.59 502.10 Td (determined.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 476.53505859375 m 245.947265625 476.53505859375 l s q 0 0 0 rg BT 50.00 478.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 92.50 478.10 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 147.23 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.85 478.10 Td (Other) Tj ET Q q 0 0 0 rg BT 191.22 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.72 478.10 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Corsa) Tj ET Q q 0 0 0 rg BT 76.11 454.10 Td (s ) Tj ET Q q 0 0 0 rg BT 82.00 454.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.99 454.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 167.66 454.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 197.44 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.77 454.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 230.04 454.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 269.25 454.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 291.52 454.10 Td (warrant ) Tj ET Q q 0 0 0 rg BT 324.06 454.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 361.04 454.10 Td (liability) Tj ET Q q 0 0 0 rg BT 391.50 454.10 Td (, ) Tj ET Q q 0 0 0 rg BT 396.01 454.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 431.90 454.10 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 477.48 454.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 514.47 454.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 547.57 454.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 83.58 442.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 125.80 442.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 149.41 442.10 Td (payable, ) Tj ET Q q 0 0 0 rg BT 185.50 442.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 217.43 442.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 239.91 442.10 Td (payable, ) Tj ET Q q 0 0 0 rg BT 276.01 442.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 295.72 442.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 329.32 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.25 442.10 Td (other ) Tj ET Q q 0 0 0 rg BT 369.30 442.10 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 418.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 81.60 418.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 121.31 418.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 138.81 418.10 Td (management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 394.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.43 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.60 394.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 153.87 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 164.15 394.10 Td (varying ) Tj ET Q q 0 0 0 rg BT 197.20 394.10 Td (degrees ) Tj ET Q q 0 0 0 rg BT 230.23 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.51 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 247.45 394.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 277.71 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.54 394.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 326.03 394.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 371.30 394.10 Td (related ) Tj ET Q q 0 0 0 rg BT 401.00 394.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 422.39 394.10 Td (as ) Tj ET Q q 0 0 0 rg BT 433.22 394.10 Td (described ) Tj ET Q q 0 0 0 rg BT 474.04 394.10 Td (below) Tj ET Q q 0 0 0 rg BT 497.83 394.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 60.19 370.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 77.69 370.10 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 77.29 346.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 94.59 346.10 Td (is ) Tj ET Q q 0 0 0 rg BT 103.55 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.07 346.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 135.36 346.10 Td (that ) Tj ET Q q 0 0 0 rg BT 152.66 346.10 Td (one ) Tj ET Q q 0 0 0 rg BT 169.39 346.10 Td (party ) Tj ET Q q 0 0 0 rg BT 192.23 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 202.31 346.10 Td (a ) Tj ET Q q 0 0 0 rg BT 209.04 346.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 246.32 346.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 291.39 346.10 Td (will ) Tj ET Q q 0 0 0 rg BT 309.24 346.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 324.86 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.94 346.10 Td (dischar) Tj ET Q q 0 0 0 rg BT 363.64 346.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 375.37 346.10 Td (an ) Tj ET Q q 0 0 0 rg BT 387.10 346.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 429.95 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.69 346.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 471.19 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.70 346.10 Td (other ) Tj ET Q q 0 0 0 rg BT 508.55 346.10 Td (party ) Tj ET Q q 0 0 0 rg BT 531.39 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 541.47 346.10 Td (incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.83 334.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 94.21 334.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 114.67 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.89 334.10 Td (The ) Tj ET Q q 0 0 0 rg BT 134.84 334.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 181.81 334.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 215.86 334.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 254.36 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.53 334.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 289.69 334.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 307.09 334.10 Td (is ) Tj ET Q q 0 0 0 rg BT 316.16 334.10 Td (on ) Tj ET Q q 0 0 0 rg BT 328.55 334.10 Td (its ) Tj ET Q q 0 0 0 rg BT 340.40 334.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 362.23 334.10 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 402.12 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 404.34 334.10 Td (These ) Tj ET Q q 0 0 0 rg BT 430.61 334.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 452.45 334.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 489.83 334.10 Td (are ) Tj ET Q q 0 0 0 rg BT 504.43 334.10 Td (held ) Tj ET Q q 0 0 0 rg BT 524.05 334.10 Td (with ) Tj ET Q q 0 0 0 rg BT 544.22 334.10 Td (high ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.17 322.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 105.35 322.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 152.22 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.40 322.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 194.80 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.64 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.27 322.10 Td (United ) Tj ET Q q 0 0 0 rg BT 255.90 322.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 284.69 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 287.10 322.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 330.05 322.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 350.23 322.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 384.31 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.04 322.10 Td (certificates ) Tj ET Q q 0 0 0 rg BT 441.31 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.05 322.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 483.35 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.19 322.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 532.03 322.10 Td (bearing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 90.26 310.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 126.09 310.10 Td (with ) Tj ET Q q 0 0 0 rg BT 146.37 310.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 174.42 310.10 Td (rated ) Tj ET Q q 0 0 0 rg BT 196.91 310.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 234.39 310.10 Td (institutions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 90.19 286.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 133.68 286.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 163.88 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.63 286.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 197.03 286.10 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 246.92 286.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 312.66 286.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 334.51 286.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 378.01 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.87 286.10 Td (other ) Tj ET Q q 0 0 0 rg BT 417.83 286.10 Td (receivables. ) Tj ET Q q 0 0 0 rg BT 467.72 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.97 286.10 Td (The ) Tj ET Q q 0 0 0 rg BT 487.93 286.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 529.24 286.10 Td (assesses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.45 274.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 96.46 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.02 274.10 Td (its ) Tj ET Q q 0 0 0 rg BT 120.71 274.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 166.99 274.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 195.22 274.10 Td (into ) Tj ET Q q 0 0 0 rg BT 214.01 274.10 Td (account ) Tj ET Q q 0 0 0 rg BT 248.34 274.10 Td (their ) Tj ET Q q 0 0 0 rg BT 269.90 274.10 Td (creditworthiness ) Tj ET Q q 0 0 0 rg BT 339.23 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.90 274.10 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 403.18 274.10 Td (past ) Tj ET Q q 0 0 0 rg BT 422.52 274.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 469.06 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.73 274.10 Td (other ) Tj ET Q q 0 0 0 rg BT 510.51 274.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 543.45 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.46 274.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.39 262.10 Td (has ) Tj ET Q q 0 0 0 rg BT 107.22 262.10 Td (not ) Tj ET Q q 0 0 0 rg BT 122.50 262.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 159.97 262.10 Td (any ) Tj ET Q q 0 0 0 rg BT 176.91 262.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 219.94 262.10 Td (for ) Tj ET Q q 0 0 0 rg BT 234.10 262.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 259.37 262.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 285.76 262.10 Td (for ) Tj ET Q q 0 0 0 rg BT 299.92 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.63 262.10 Td (three ) Tj ET Q q 0 0 0 rg BT 337.12 262.10 Td (months ) Tj ET Q q 0 0 0 rg BT 369.07 262.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 395.44 262.10 Td (March ) Tj ET Q q 0 0 0 rg BT 424.04 262.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 439.04 262.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 461.54 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.48 262.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 503.48 262.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 98.61 238.10 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.09 214.10 Td (value ) Tj ET Q q 0 0 0 rg BT 92.28 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.15 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.91 214.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 165.03 214.10 Td (mineral ) Tj ET Q q 0 0 0 rg BT 198.11 214.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 240.64 214.10 Td (is ) Tj ET Q q 0 0 0 rg BT 249.85 214.10 Td (related ) Tj ET Q q 0 0 0 rg BT 279.59 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.91 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.67 214.10 Td (price ) Tj ET Q q 0 0 0 rg BT 327.20 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.07 214.10 Td (metallur) Tj ET Q q 0 0 0 rg BT 371.21 214.10 Td (gical ) Tj ET Q q 0 0 0 rg BT 393.18 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.16 214.10 Td (thermal ) Tj ET Q q 0 0 0 rg BT 443.24 214.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 462.44 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.42 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.17 214.10 Td (outlook ) Tj ET Q q 0 0 0 rg BT 527.27 214.10 Td (for ) Tj ET Q q 0 0 0 rg BT 541.47 214.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (commodities, ) Tj ET Q q 0 0 0 rg BT 106.66 202.10 Td (which ) Tj ET Q q 0 0 0 rg BT 133.60 202.10 Td (is ) Tj ET Q q 0 0 0 rg BT 142.77 202.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 174.71 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.42 202.10 Td (control ) Tj ET Q q 0 0 0 rg BT 220.25 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.08 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.80 202.10 Td (Company) Tj ET Q q 0 0 0 rg BT 284.03 202.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 88.61 178.10 Td (risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 89.30 154.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 106.38 154.10 Td (is ) Tj ET Q q 0 0 0 rg BT 115.13 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.43 154.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 146.51 154.10 Td (that ) Tj ET Q q 0 0 0 rg BT 163.58 154.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 188.99 154.10 Td (will ) Tj ET Q q 0 0 0 rg BT 206.63 154.10 Td (not ) Tj ET Q q 0 0 0 rg BT 221.49 154.10 Td (be ) Tj ET Q q 0 0 0 rg BT 233.01 154.10 Td (able ) Tj ET Q q 0 0 0 rg BT 251.74 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.60 154.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 283.12 154.10 Td (its ) Tj ET Q q 0 0 0 rg BT 294.64 154.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 331.70 154.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 378.23 154.10 Td (as ) Tj ET Q q 0 0 0 rg BT 388.64 154.10 Td (they ) Tj ET Q q 0 0 0 rg BT 407.93 154.10 Td (become ) Tj ET Q q 0 0 0 rg BT 441.11 154.10 Td (due. ) Tj ET Q q 0 0 0 rg BT 460.13 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 461.75 154.10 Td (At ) Tj ET Q q 0 0 0 rg BT 473.83 154.10 Td (March ) Tj ET Q q 0 0 0 rg BT 502.01 154.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 516.59 154.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 538.67 154.10 Td (Corsa ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (had ) Tj ET Q q 0 0 0 rg BT 66.86 142.10 Td (a ) Tj ET Q q 0 0 0 rg BT 73.71 142.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 126.67 142.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 146.86 142.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 179.80 142.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.55 142.10 Td ($12,869,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.55 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 242.97 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.82 142.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 312.78 142.10 Td (working ) Tj ET Q q 0 0 0 rg BT 348.53 142.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 377.60 142.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.34 142.10 Td ($7,652,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.34 142.10 Td (. ) Tj ET Q q 0 0 0 rg BT 438.26 142.10 Td (However) Tj ET Q q 0 0 0 rg BT 474.51 142.10 Td (, ) Tj ET Q q 0 0 0 rg BT 479.43 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.06 142.10 Td (future ) Tj ET Q q 0 0 0 rg BT 520.36 142.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.43 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.75 130.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 115.74 130.10 Td (are ) Tj ET Q q 0 0 0 rg BT 130.04 130.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 173.24 130.10 Td (on ) Tj ET Q q 0 0 0 rg BT 185.34 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.66 130.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 241.19 130.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 285.50 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.93 130.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 329.69 130.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 349.56 130.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 373.89 130.10 Td (from ) Tj ET Q q 0 0 0 rg BT 395.43 130.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 439.18 130.10 Td (which ) Tj ET Q q 0 0 0 rg BT 465.72 130.10 Td (is ) Tj ET Q q 0 0 0 rg BT 474.49 130.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 517.69 130.10 Td (on ) Tj ET Q q 0 0 0 rg BT 529.79 130.10 Td (stability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.16 118.10 Td (metallur) Tj ET Q q 0 0 0 rg BT 94.30 118.10 Td (gical ) Tj ET Q q 0 0 0 rg BT 116.57 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.85 118.10 Td (thermal ) Tj ET Q q 0 0 0 rg BT 167.22 118.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 186.71 118.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 213.42 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.70 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 237.97 118.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 278.57 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 289.18 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.23 118.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 323.17 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.34 118.10 Td (production ) Tj ET Q q 0 0 0 rg BT 380.50 118.10 Td (on ) Tj ET Q q 0 0 0 rg BT 393.33 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 400.61 118.10 Td (per ) Tj ET Q q 0 0 0 rg BT 416.21 118.10 Td (ton ) Tj ET Q q 0 0 0 rg BT 431.82 118.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 456.95 118.10 Td (T) Tj ET Q q 0 0 0 rg BT 462.36 118.10 Td (o ) Tj ET Q q 0 0 0 rg BT 470.20 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.25 118.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 512.51 118.10 Td (that ) Tj ET Q q 0 0 0 rg BT 530.34 118.10 Td (demand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.94 106.10 Td (metallur) Tj ET Q q 0 0 0 rg BT 101.08 106.10 Td (gical ) Tj ET Q q 0 0 0 rg BT 124.02 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.96 106.10 Td (thermal ) Tj ET Q q 0 0 0 rg BT 176.01 106.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 196.17 106.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 223.55 106.10 Td (do ) Tj ET Q q 0 0 0 rg BT 237.06 106.10 Td (not ) Tj ET Q q 0 0 0 rg BT 253.34 106.10 Td (stabilize, ) Tj ET Q q 0 0 0 rg BT 292.67 106.10 Td (or ) Tj ET Q q 0 0 0 rg BT 304.50 106.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 348.00 106.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 385.39 106.10 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 429.99 106.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 470.70 106.10 Td (are ) Tj ET Q q 0 0 0 rg BT 486.42 106.10 Td (not ) Tj ET Q q 0 0 0 rg BT 502.70 106.10 Td (successful, ) Tj ET Q q 0 0 0 rg BT 549.80 106.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.68 94.10 Td (will ) Tj ET Q q 0 0 0 rg BT 110.02 94.10 Td (have ) Tj ET Q q 0 0 0 rg BT 131.69 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.26 94.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 170.05 94.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 212.83 94.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 232.83 94.10 Td (or ) Tj ET Q q 0 0 0 rg BT 243.96 94.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 271.74 94.10 Td (financing. ) Tj ET Q q 0 0 0 rg BT 314.79 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 316.97 94.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 357.54 94.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 377.55 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.77 94.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 422.56 94.10 Td (financings ) Tj ET Q q 0 0 0 rg BT 467.01 94.10 Td (have ) Tj ET Q q 0 0 0 rg BT 488.67 94.10 Td (been ) Tj ET Q q 0 0 0 rg BT 510.34 94.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 554.23 94.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.97 82.10 Td (past, ) Tj ET Q q 0 0 0 rg BT 86.32 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.51 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.48 82.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 160.11 82.10 Td (has ) Tj ET Q q 0 0 0 rg BT 176.19 82.10 Td (lowered ) Tj ET Q q 0 0 0 rg BT 211.15 82.10 Td (its ) Tj ET Q q 0 0 0 rg BT 223.34 82.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 246.64 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.83 82.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 298.78 82.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 317.64 82.10 Td (structure, ) Tj ET Q q 0 0 0 rg BT 357.87 82.10 Td (there ) Tj ET Q q 0 0 0 rg BT 380.61 82.10 Td (is ) Tj ET Q q 0 0 0 rg BT 390.02 82.10 Td (no ) Tj ET Q q 0 0 0 rg BT 402.77 82.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 444.39 82.10 Td (it ) Tj ET Q q 0 0 0 rg BT 452.70 82.10 Td (will ) Tj ET Q q 0 0 0 rg BT 471.00 82.10 Td (be ) Tj ET Q q 0 0 0 rg BT 483.19 82.10 Td (able ) Tj ET Q q 0 0 0 rg BT 502.59 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.12 82.10 Td (successfully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 89.75 70.10 Td (such ) Tj ET Q q 0 0 0 rg BT 111.18 70.10 Td (financings ) Tj ET Q q 0 0 0 rg BT 155.94 70.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.82 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.14 70.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 211.62 70.10 Td ( ) Tj ET Q q 0 0 0 rg BT 214.04 70.10 Td (At ) Tj ET Q q 0 0 0 rg BT 227.14 70.10 Td (March ) Tj ET Q q 0 0 0 rg BT 256.34 70.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 271.94 70.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 295.04 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.58 70.10 Td (December ) Tj ET Q q 0 0 0 rg BT 356.77 70.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 372.37 70.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 397.97 70.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 424.41 70.10 Td (had ) Tj ET Q q 0 0 0 rg BT 441.95 70.10 Td (available ) Tj ET Q q 0 0 0 rg BT 481.14 70.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 527.01 70.10 Td (undrawn ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.26 58.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 112.19 58.10 Td (amounting ) Tj ET Q q 0 0 0 rg BT 157.47 58.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.74 58.10 Td ($2,500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.74 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.24 58.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.18 58.10 Td ($3,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.18 58.10 Td (, ) Tj ET Q q 0 0 0 rg BT 282.18 58.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 329.84 58.10 Td (, ) Tj ET Q q 0 0 0 rg BT 334.84 58.10 Td (expiring ) Tj ET Q q 0 0 0 rg BT 370.67 58.10 Td (on ) Tj ET Q q 0 0 0 rg BT 383.17 58.10 Td (January ) Tj ET Q q 0 0 0 rg BT 416.77 58.10 Td (10, ) Tj ET Q q 0 0 0 rg BT 431.77 58.10 Td (2017.) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 82.16 742.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 100.77 742.10 Td (value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.50 718.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 109.78 718.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 126.61 718.10 Td (values ) Tj ET Q q 0 0 0 rg BT 155.12 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.40 718.10 Td (all ) Tj ET Q q 0 0 0 rg BT 179.36 718.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 217.29 718.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 266.91 718.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 319.85 718.10 Td (their ) Tj ET Q q 0 0 0 rg BT 341.13 718.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 384.62 718.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 420.89 718.10 Td (values ) Tj ET Q q 0 0 0 rg BT 449.40 718.10 Td (except ) Tj ET Q q 0 0 0 rg BT 478.45 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 493.06 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.24 718.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 528.41 718.10 Td (payable. ) Tj ET Q q 0 0 0 rg BT 564.50 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 706.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 87.76 706.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 121.36 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 130.53 706.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 160.78 706.10 Td (at ) Tj ET Q q 0 0 0 rg BT 170.50 706.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 212.98 706.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 231.59 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.53 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.24 706.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 299.06 706.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 331.55 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.49 706.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 364.87 706.10 Td (value ) Tj ET Q q 0 0 0 rg BT 389.02 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 398.19 706.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 439.01 706.10 Td (below ) Tj ET Q q 0 0 0 rg BT 465.95 706.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 479.56 706.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 94.00 638.60 172.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 638.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 638.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 638.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 638.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 638.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 638.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 638.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 638.60 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 668.6 m 329 668.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 668.6 m 334 668.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 668.6 m 392 668.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 668.6 m 454 668.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 668.6 m 459 668.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 668.6 m 517 668.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 638.6 m 329 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 638.6 m 392 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 638.6 m 454 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 638.6 m 517 638.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.90 673.28 Td (March 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.15 673.28 Td (December 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.75 658.28 Td (Carrying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.25 658.28 Td (Carrying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.95 643.28 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.20 643.28 Td (Fair Value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.45 643.28 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.20 643.28 Td (Fair Value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.50 628.27 Td (Loan Payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 628.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 628.27 Td (25,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.50 628.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 628.27 Td (16,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 628.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 628.27 Td (24,440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.50 628.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 628.27 Td (14,764) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td (The fair value of the loan payable was determined by discounting the future contractual cash flows at a discount rate that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.10 Td (represents an approximation of the borrowing rates presently available to the Company which was 20%.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 564.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 70.28 564.10 Td (value ) Tj ET Q q 0 0 0 rg BT 94.43 564.10 Td (hierar) Tj ET Q q 0 0 0 rg BT 119.06 564.10 Td (chy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 68.03 540.10 Td (value ) Tj ET Q q 0 0 0 rg BT 91.60 540.10 Td (is ) Tj ET Q q 0 0 0 rg BT 100.19 540.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.33 540.10 Td (price ) Tj ET Q q 0 0 0 rg BT 136.24 540.10 Td (that ) Tj ET Q q 0 0 0 rg BT 153.15 540.10 Td (would ) Tj ET Q q 0 0 0 rg BT 180.07 540.10 Td (be ) Tj ET Q q 0 0 0 rg BT 191.43 540.10 Td (received ) Tj ET Q q 0 0 0 rg BT 227.22 540.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.91 540.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 252.72 540.10 Td (an ) Tj ET Q q 0 0 0 rg BT 264.08 540.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 285.44 540.10 Td (or ) Tj ET Q q 0 0 0 rg BT 295.69 540.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 314.83 540.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.53 540.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 356.98 540.10 Td (a ) Tj ET Q q 0 0 0 rg BT 363.34 540.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 396.37 540.10 Td (in ) Tj ET Q q 0 0 0 rg BT 406.07 540.10 Td (an ) Tj ET Q q 0 0 0 rg BT 417.43 540.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 453.23 540.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 499.02 540.10 Td (between ) Tj ET Q q 0 0 0 rg BT 534.25 540.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 528.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 99.15 528.10 Td (at ) Tj ET Q q 0 0 0 rg BT 108.87 528.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.58 528.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 179.39 528.10 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 504.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.88 504.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 84.08 504.10 Td (value ) Tj ET Q q 0 0 0 rg BT 108.06 504.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 148.15 504.10 Td (categorizes ) Tj ET Q q 0 0 0 rg BT 195.44 504.10 Td (into ) Tj ET Q q 0 0 0 rg BT 213.33 504.10 Td (three ) Tj ET Q q 0 0 0 rg BT 235.64 504.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 261.30 504.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.84 504.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 302.62 504.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.72 504.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 352.26 504.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 397.36 504.10 Td (used ) Tj ET Q q 0 0 0 rg BT 418.01 504.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.12 504.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 463.76 504.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 479.97 504.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 506.28 504.10 Td (The ) Tj ET Q q 0 0 0 rg BT 524.16 504.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.36 504.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 492.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 89.65 492.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 112.66 492.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.77 492.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 157.55 492.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 189.45 492.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.12 492.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 228.23 492.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 254.01 492.10 Td (\(unadjusted\) ) Tj ET Q q 0 0 0 rg BT 305.89 492.10 Td (in ) Tj ET Q q 0 0 0 rg BT 315.57 492.10 Td (active ) Tj ET Q q 0 0 0 rg BT 341.34 492.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 374.89 492.10 Td (for ) Tj ET Q q 0 0 0 rg BT 388.44 492.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 424.77 492.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 450.00 492.10 Td (or ) Tj ET Q q 0 0 0 rg BT 460.22 492.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 499.34 492.10 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 527.33 492.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 534.23 492.10 Td (inputs\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 480.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.66 480.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 110.26 480.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 142.76 480.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.04 480.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 208.85 480.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 235.80 480.10 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 264.39 480.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 271.89 480.10 Td (inputs\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 75.59 456.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 83.42 456.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 110.70 456.10 Td (are ) Tj ET Q q 0 0 0 rg BT 125.73 456.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 155.78 456.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 182.48 456.10 Td (\(unadjusted\) ) Tj ET Q q 0 0 0 rg BT 235.30 456.10 Td (in ) Tj ET Q q 0 0 0 rg BT 245.91 456.10 Td (active ) Tj ET Q q 0 0 0 rg BT 272.61 456.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 307.09 456.10 Td (for ) Tj ET Q q 0 0 0 rg BT 321.58 456.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 358.84 456.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 384.99 456.10 Td (or ) Tj ET Q q 0 0 0 rg BT 396.15 456.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 436.20 456.10 Td (that ) Tj ET Q q 0 0 0 rg BT 454.02 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.07 456.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 494.67 456.10 Td (can ) Tj ET Q q 0 0 0 rg BT 511.38 456.10 Td (access ) Tj ET Q q 0 0 0 rg BT 539.74 456.10 Td (at ) Tj ET Q q 0 0 0 rg BT 549.79 456.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 105.81 444.10 Td (date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 75.47 420.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 83.17 420.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 110.32 420.10 Td (are ) Tj ET Q q 0 0 0 rg BT 125.23 420.10 Td (those ) Tj ET Q q 0 0 0 rg BT 149.04 420.10 Td (other ) Tj ET Q q 0 0 0 rg BT 172.28 420.10 Td (than ) Tj ET Q q 0 0 0 rg BT 192.20 420.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 222.12 420.10 Td (market ) Tj ET Q q 0 0 0 rg BT 252.59 420.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 279.17 420.10 Td (in ) Tj ET Q q 0 0 0 rg BT 289.65 420.10 Td (active ) Tj ET Q q 0 0 0 rg BT 316.22 420.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 353.08 420.10 Td (which ) Tj ET Q q 0 0 0 rg BT 380.22 420.10 Td (are ) Tj ET Q q 0 0 0 rg BT 395.12 420.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 441.14 420.10 Td (for ) Tj ET Q q 0 0 0 rg BT 455.50 420.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.42 420.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 492.56 420.10 Td (or ) Tj ET Q q 0 0 0 rg BT 503.59 420.10 Td (liability) Tj ET Q q 0 0 0 rg BT 534.05 420.10 Td (, ) Tj ET Q q 0 0 0 rg BT 539.25 420.10 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 408.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 83.04 408.10 Td (or ) Tj ET Q q 0 0 0 rg BT 93.87 408.10 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 134.69 408.10 Td (such ) Tj ET Q q 0 0 0 rg BT 155.52 408.10 Td (as ) Tj ET Q q 0 0 0 rg BT 166.35 408.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 198.84 408.10 Td (from ) Tj ET Q q 0 0 0 rg BT 220.78 408.10 Td (prices. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 75.26 384.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 82.76 384.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 109.71 384.10 Td (are ) Tj ET Q q 0 0 0 rg BT 124.42 384.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 180.23 384.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 207.18 384.10 Td (for ) Tj ET Q q 0 0 0 rg BT 221.34 384.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.06 384.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 258.00 384.10 Td (or ) Tj ET Q q 0 0 0 rg BT 268.83 384.10 Td (liability) Tj ET Q q 0 0 0 rg BT 299.29 384.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 360.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.39 360.10 Td (following ) Tj ET Q q 0 0 0 rg BT 110.11 360.10 Td (table ) Tj ET Q q 0 0 0 rg BT 132.38 360.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 169.66 360.10 Td (an ) Tj ET Q q 0 0 0 rg BT 181.94 360.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 216.99 360.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.16 360.10 Td (Corsa) Tj ET Q q 0 0 0 rg BT 254.27 360.10 Td (s ) Tj ET Q q 0 0 0 rg BT 261.00 360.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 298.82 360.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 348.32 360.10 Td (that ) Tj ET Q q 0 0 0 rg BT 366.15 360.10 Td (are ) Tj ET Q q 0 0 0 rg BT 381.20 360.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 422.35 360.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 469.63 360.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.25 360.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 506.42 360.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 554.80 360.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.38 348.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 93.03 348.10 Td (grouped ) Tj ET Q q 0 0 0 rg BT 128.30 348.10 Td (into ) Tj ET Q q 0 0 0 rg BT 146.36 348.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 171.62 348.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 179.12 348.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.40 348.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 196.90 348.10 Td (based ) Tj ET Q q 0 0 0 rg BT 222.17 348.10 Td (on ) Tj ET Q q 0 0 0 rg BT 234.67 348.10 Td (a ) Tj ET Q q 0 0 0 rg BT 241.61 348.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 270.75 348.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.03 348.10 Td (which ) Tj ET Q q 0 0 0 rg BT 307.97 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.69 348.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 349.63 348.10 Td (used ) Tj ET Q q 0 0 0 rg BT 370.46 348.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.74 348.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 423.22 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.94 348.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 454.32 348.10 Td (value ) Tj ET Q q 0 0 0 rg BT 478.47 348.10 Td (are ) Tj ET Q q 0 0 0 rg BT 493.18 348.10 Td (observable.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 295.60 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 295.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 295.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 295.60 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.00 295.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 295.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 295.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 295.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 295.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 265.60 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 265.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 265.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 265.60 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.00 265.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 265.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 265.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 265.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 265.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 235.60 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 235.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 235.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 235.60 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.00 235.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 235.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 235.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 235.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 235.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 56.00 205.60 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 205.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 205.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 205.60 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.00 205.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 205.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 205.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 205.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 205.60 72.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 310.6 m 310 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 310.6 m 319 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 310.6 m 390 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 310.6 m 472 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 310.6 m 483 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 310.6 m 555 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 295.6 m 310 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 295.6 m 390 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 295.6 m 472 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 295.6 m 555 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 250.60000000000002 m 310 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 236.60000000000002 m 310 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 234.60000000000002 m 310 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 250.60000000000002 m 390 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 236.60000000000002 m 390 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 234.60000000000002 m 390 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 250.60000000000002 m 472 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 236.60000000000002 m 472 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 234.60000000000002 m 472 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 250.60000000000002 m 555 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 236.60000000000002 m 555 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 234.60000000000002 m 555 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 191.60000000000002 m 310 191.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 189.60000000000002 m 310 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 191.60000000000002 m 390 191.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 189.60000000000002 m 390 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 191.60000000000002 m 472 191.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 189.60000000000002 m 472 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 191.60000000000002 m 555 191.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 189.60000000000002 m 555 189.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.90 315.28 Td (March 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.15 315.28 Td (December 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.55 300.28 Td (Level 1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.55 300.28 Td (Level 2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.55 300.28 Td (Level 1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.05 300.28 Td (Level 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 285.27 Td (Financial assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 270.27 Td ( Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 270.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.65 270.27 Td (12,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.50 270.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 270.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.50 270.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 270.27 Td (9,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 270.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 270.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 255.27 Td ( Restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.65 255.27 Td (34,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 255.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 255.27 Td (34,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 255.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 240.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.65 240.27 Td (47,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.50 240.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 240.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.50 240.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 240.27 Td (43,719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 240.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 240.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 210.27 Td (Financial liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 195.27 Td ( Warrant financial liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 195.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 195.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.50 195.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 195.27 Td (1,061) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.50 195.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 195.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 195.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 195.27 Td (220) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.38 167.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 95.67 167.10 Td (used ) Tj ET Q q 0 0 0 rg BT 116.84 167.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.45 167.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 163.60 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.66 167.10 Td (warrant ) Tj ET Q q 0 0 0 rg BT 212.03 167.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 249.85 167.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 283.79 167.10 Td (are ) Tj ET Q q 0 0 0 rg BT 298.84 167.10 Td (based ) Tj ET Q q 0 0 0 rg BT 324.44 167.10 Td (on ) Tj ET Q q 0 0 0 rg BT 337.28 167.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 383.43 167.10 Td (unadjusted ) Tj ET Q q 0 0 0 rg BT 429.59 167.10 Td (market ) Tj ET Q q 0 0 0 rg BT 460.20 167.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 486.91 167.10 Td (for ) Tj ET Q q 0 0 0 rg BT 501.41 167.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 538.67 167.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 155.10 Td (are ) Tj ET Q q 0 0 0 rg BT 81.65 155.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 120.23 155.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 160.49 155.10 Td (as ) Tj ET Q q 0 0 0 rg BT 171.32 155.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 196.59 155.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 204.09 155.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 231.04 155.10 Td (under ) Tj ET Q q 0 0 0 rg BT 256.30 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.02 155.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 308.50 155.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 357.67 155.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 394.77 155.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (At ) Tj ET Q q 0 0 0 rg BT 61.50 131.10 Td (March ) Tj ET Q q 0 0 0 rg BT 89.09 131.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 103.09 131.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 124.58 131.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.52 131.10 Td (December ) Tj ET Q q 0 0 0 rg BT 183.10 131.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 197.10 131.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 221.09 131.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.81 131.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 275.19 131.10 Td (had ) Tj ET Q q 0 0 0 rg BT 291.13 131.10 Td (no ) Tj ET Q q 0 0 0 rg BT 302.62 131.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 339.10 131.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 387.26 131.10 Td (which ) Tj ET Q q 0 0 0 rg BT 413.20 131.10 Td (used ) Tj ET Q q 0 0 0 rg BT 433.02 131.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 457.28 131.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 463.78 131.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 479.15 131.10 Td (value ) Tj ET Q q 0 0 0 rg BT 502.30 131.10 Td (measurements.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 105.53505859375002 m 311.9580078125 105.53505859375002 l s q 0 0 0 rg BT 50.00 107.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 71.95 107.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 106.66 107.10 Td (Relating ) Tj ET Q q 0 0 0 rg BT 145.27 107.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.10 107.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 184.15 107.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.77 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.60 107.10 Td (Coal ) Tj ET Q q 0 0 0 rg BT 241.10 107.10 Td (Mining ) Tj ET Q q 0 0 0 rg BT 274.72 107.10 Td (Industry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 75.76 83.10 Td (is ) Tj ET Q q 0 0 0 rg BT 84.87 83.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 115.62 83.10 Td (to ) Tj ET Q q 0 0 0 rg BT 125.84 83.10 Td (a ) Tj ET Q q 0 0 0 rg BT 132.71 83.10 Td (number ) Tj ET Q q 0 0 0 rg BT 165.69 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.45 83.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 197.78 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.65 83.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 268.17 83.10 Td (as ) Tj ET Q q 0 0 0 rg BT 278.93 83.10 Td (a ) Tj ET Q q 0 0 0 rg BT 285.80 83.10 Td (result ) Tj ET Q q 0 0 0 rg BT 310.45 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.22 83.10 Td (its ) Tj ET Q q 0 0 0 rg BT 333.10 83.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 379.69 83.10 Td (In ) Tj ET Q q 0 0 0 rg BT 390.45 83.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 425.66 83.10 Td (to ) Tj ET Q q 0 0 0 rg BT 435.87 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.52 83.10 Td (other ) Tj ET Q q 0 0 0 rg BT 473.50 83.10 Td (information ) Tj ET Q q 0 0 0 rg BT 523.14 83.10 Td (contained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.47 71.10 Td (this ) Tj ET Q q 0 0 0 rg BT 77.62 71.10 Td (MD&A) Tj ET Q q 0 0 0 rg BT 108.18 71.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.87 71.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.00 71.10 Td (Corsa) Tj ET Q q 0 0 0 rg BT 154.11 71.10 Td (s ) Tj ET Q q 0 0 0 rg BT 160.70 71.10 Td (other ) Tj ET Q q 0 0 0 rg BT 183.94 71.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 219.41 71.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 240.43 71.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 283.67 71.10 Td (documents, ) Tj ET Q q 0 0 0 rg BT 332.19 71.10 Td (readers ) Tj ET Q q 0 0 0 rg BT 363.75 71.10 Td (should ) Tj ET Q q 0 0 0 rg BT 393.11 71.10 Td (give ) Tj ET Q q 0 0 0 rg BT 413.02 71.10 Td (careful ) Tj ET Q q 0 0 0 rg BT 443.47 71.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 500.04 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.51 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.42 71.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 547.01 71.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.06 59.10 Td (set ) Tj ET Q q 0 0 0 rg BT 77.02 59.10 Td (out ) Tj ET Q q 0 0 0 rg BT 91.65 59.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.28 59.10 Td (Corsa's ) Tj ET Q q 0 0 0 rg BT 132.16 59.10 Td (Management's ) Tj ET Q q 0 0 0 rg BT 191.91 59.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 237.65 59.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.54 59.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 290.39 59.10 Td (for ) Tj ET Q q 0 0 0 rg BT 303.90 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.97 59.10 Td (year ) Tj ET Q q 0 0 0 rg BT 337.03 59.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 362.76 59.10 Td (December ) Tj ET Q q 0 0 0 rg BT 405.70 59.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 420.05 59.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 441.91 59.10 Td (available ) Tj ET Q q 0 0 0 rg BT 479.85 59.10 Td (under ) Tj ET Q q 0 0 0 rg BT 504.47 59.10 Td (Corsa's ) Tj ET Q q 0 0 0 rg BT 535.35 59.10 Td (profile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.72 47.10 Td (www) Tj ET Q q 0 0 0 rg BT 80.73 47.10 Td (.sedar) Tj ET Q q 0 0 0 rg BT 103.78 47.10 Td (.com.) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (31) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 176.3818359375 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 129.17 742.25 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 82.76 718.25 Td (information ) Tj ET Q q 0 0 0 rg BT 133.30 718.25 Td (set ) Tj ET Q q 0 0 0 rg BT 147.73 718.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 170.50 718.25 Td (in ) Tj ET Q q 0 0 0 rg BT 181.60 718.25 Td (this ) Tj ET Q q 0 0 0 rg BT 199.38 718.25 Td (MD&A) Tj ET Q q 0 0 0 rg BT 229.94 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 233.27 718.25 Td (contains ) Tj ET Q q 0 0 0 rg BT 269.92 718.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 343.22 718.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 393.20 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.96 718.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 484.27 718.25 Td (information ) Tj ET Q q 0 0 0 rg BT 539.24 718.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 93.08 706.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 132.84 706.25 Td (laws. ) Tj ET Q q 0 0 0 rg BT 155.67 706.25 Td (Except ) Tj ET Q q 0 0 0 rg BT 185.43 706.25 Td (for ) Tj ET Q q 0 0 0 rg BT 199.09 706.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 243.29 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 253.62 706.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 292.83 706.25 Td (fact, ) Tj ET Q q 0 0 0 rg BT 312.31 706.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 341.51 706.25 Td (information ) Tj ET Q q 0 0 0 rg BT 390.72 706.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 431.58 706.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 458.57 706.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 491.10 706.25 Td (to ) Tj ET Q q 0 0 0 rg BT 500.88 706.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 540.08 706.25 Td (sales, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 69.58 694.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 98.88 694.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 118.46 694.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 167.21 694.25 Td (mine ) Tj ET Q q 0 0 0 rg BT 190.13 694.25 Td (development, ) Tj ET Q q 0 0 0 rg BT 247.20 694.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 297.90 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 313.04 694.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 349.27 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.64 694.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 404.54 694.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.79 694.25 Td (Corsa) Tj ET Q q 0 0 0 rg BT 441.90 694.25 Td (s ) Tj ET Q q 0 0 0 rg BT 448.71 694.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 497.17 694.25 Td (plants, ) Tj ET Q q 0 0 0 rg BT 526.48 694.25 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.97 682.25 Td (production ) Tj ET Q q 0 0 0 rg BT 115.50 682.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 140.20 682.25 Td (geological ) Tj ET Q q 0 0 0 rg BT 184.05 682.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 230.42 682.25 Td (future ) Tj ET Q q 0 0 0 rg BT 256.49 682.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 285.34 682.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 338.64 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 355.28 682.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 407.46 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.99 682.25 Td (market ) Tj ET Q q 0 0 0 rg BT 447.96 682.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 481.81 682.25 Td (for ) Tj ET Q q 0 0 0 rg BT 495.67 682.25 Td (coal, ) Tj ET Q q 0 0 0 rg BT 517.03 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 519.23 682.25 Td (constitutes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 118.94 670.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 164.56 670.25 Td (which ) Tj ET Q q 0 0 0 rg BT 192.40 670.25 Td (include ) Tj ET Q q 0 0 0 rg BT 225.23 670.25 Td (management) Tj ET Q q 0 0 0 rg BT 279.10 670.25 Td (s ) Tj ET Q q 0 0 0 rg BT 286.40 670.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 334.24 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.97 670.25 Td (future ) Tj ET Q q 0 0 0 rg BT 373.25 670.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 397.76 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.61 670.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 460.66 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.51 670.25 Td (are ) Tj ET Q q 0 0 0 rg BT 494.12 670.25 Td (based ) Tj ET Q q 0 0 0 rg BT 520.29 670.25 Td (on ) Tj ET Q q 0 0 0 rg BT 533.69 670.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 83.75 658.25 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 139.44 658.25 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 182.36 658.25 Td (projections, ) Tj ET Q q 0 0 0 rg BT 232.50 658.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 285.15 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.80 658.25 Td (beliefs, ) Tj ET Q q 0 0 0 rg BT 335.16 658.25 Td (which ) Tj ET Q q 0 0 0 rg BT 362.80 658.25 Td (may ) Tj ET Q q 0 0 0 rg BT 383.23 658.25 Td (prove ) Tj ET Q q 0 0 0 rg BT 409.20 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 420.19 658.25 Td (be ) Tj ET Q q 0 0 0 rg BT 432.83 658.25 Td (incorrect. ) Tj ET Q q 0 0 0 rg BT 474.07 658.25 Td (Some ) Tj ET Q q 0 0 0 rg BT 500.06 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.60 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.02 658.25 Td (forward-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 84.27 646.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 130.19 646.25 Td (may ) Tj ET Q q 0 0 0 rg BT 151.11 646.25 Td (be ) Tj ET Q q 0 0 0 rg BT 164.26 646.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 206.29 646.25 Td (by ) Tj ET Q q 0 0 0 rg BT 220.00 646.25 Td (words ) Tj ET Q q 0 0 0 rg BT 248.15 646.25 Td (such ) Tj ET Q q 0 0 0 rg BT 270.19 646.25 Td (as ) Tj ET Q q 0 0 0 rg BT 282.22 646.25 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 334.52 646.25 Td (expects ) Tj ET Q q 0 0 0 rg BT 377.09 646.25 Td (anticipates, ) Tj ET Q q 0 0 0 rg BT 434.94 646.25 Td (believes, ) Tj ET Q q 0 0 0 rg BT 482.79 646.25 Td (projects, ) Tj ET Q q 0 0 0 rg BT 529.53 646.25 Td (plans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (capacity, ) Tj ET Q q 0 0 0 rg BT 98.62 634.25 Td (hope, ) Tj ET Q q 0 0 0 rg BT 133.36 634.25 Td (forecast, ) Tj ET Q q 0 0 0 rg BT 180.31 634.25 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 234.49 634.25 Td (could ) Tj ET Q q 0 0 0 rg BT 269.51 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 287.88 634.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 319.58 634.25 Td (expressions. ) Tj ET Q q 0 0 0 rg BT 372.39 634.25 Td (These ) Tj ET Q q 0 0 0 rg BT 400.20 634.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 446.34 634.25 Td (are ) Tj ET Q q 0 0 0 rg BT 462.47 634.25 Td (not ) Tj ET Q q 0 0 0 rg BT 479.18 634.25 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 525.87 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 538.13 634.25 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 103.00 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.92 622.25 Td (undue ) Tj ET Q q 0 0 0 rg BT 146.84 622.25 Td (reliance ) Tj ET Q q 0 0 0 rg BT 180.96 622.25 Td (should ) Tj ET Q q 0 0 0 rg BT 210.11 622.25 Td (not ) Tj ET Q q 0 0 0 rg BT 225.37 622.25 Td (be ) Tj ET Q q 0 0 0 rg BT 237.28 622.25 Td (placed ) Tj ET Q q 0 0 0 rg BT 265.86 622.25 Td (on ) Tj ET Q q 0 0 0 rg BT 278.34 622.25 Td (them. ) Tj ET Q q 0 0 0 rg BT 303.31 622.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 325.79 622.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 393.81 622.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 438.50 622.25 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 485.40 622.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 517.88 622.25 Td (known ) Tj ET Q q 0 0 0 rg BT 547.58 622.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (unknown ) Tj ET Q q 0 0 0 rg BT 90.35 610.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 112.37 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 129.94 610.25 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 186.66 610.25 Td (which ) Tj ET Q q 0 0 0 rg BT 214.22 610.25 Td (may ) Tj ET Q q 0 0 0 rg BT 234.57 610.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 259.91 610.25 Td (Corsa) Tj ET Q q 0 0 0 rg BT 286.01 610.25 Td (s ) Tj ET Q q 0 0 0 rg BT 293.03 610.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 320.04 610.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 373.69 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 391.25 610.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 429.36 610.25 Td (results ) Tj ET Q q 0 0 0 rg BT 458.60 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 469.51 610.25 Td (future ) Tj ET Q q 0 0 0 rg BT 496.51 610.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 529.08 610.25 Td (to ) Tj ET Q q 0 0 0 rg BT 539.99 610.25 Td (dif) Tj ET Q q 0 0 0 rg BT 550.92 610.25 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 92.75 598.25 Td (from ) Tj ET Q q 0 0 0 rg BT 114.40 598.25 Td (any ) Tj ET Q q 0 0 0 rg BT 131.05 598.25 Td (projections ) Tj ET Q q 0 0 0 rg BT 177.70 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.24 598.25 Td (future ) Tj ET Q q 0 0 0 rg BT 214.33 598.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 267.06 598.25 Td (or ) Tj ET Q q 0 0 0 rg BT 277.60 598.25 Td (results ) Tj ET Q q 0 0 0 rg BT 305.92 598.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 347.56 598.25 Td (or ) Tj ET Q q 0 0 0 rg BT 358.11 598.25 Td (implied ) Tj ET Q q 0 0 0 rg BT 390.87 598.25 Td (by ) Tj ET Q q 0 0 0 rg BT 403.08 598.25 Td (such ) Tj ET Q q 0 0 0 rg BT 423.62 598.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 491.37 598.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 538.14 598.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 71.29 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 88.13 586.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 141.62 586.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 175.95 586.25 Td (but ) Tj ET Q q 0 0 0 rg BT 191.13 586.25 Td (are ) Tj ET Q q 0 0 0 rg BT 205.74 586.25 Td (not ) Tj ET Q q 0 0 0 rg BT 220.92 586.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 251.65 586.25 Td (to: ) Tj ET Q q 0 0 0 rg BT 264.60 586.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 285.89 586.25 Td (that ) Tj ET Q q 0 0 0 rg BT 303.29 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.91 586.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 344.18 586.25 Td (production ) Tj ET Q q 0 0 0 rg BT 389.90 586.25 Td (or ) Tj ET Q q 0 0 0 rg BT 400.63 586.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 422.47 586.25 Td (for ) Tj ET Q q 0 0 0 rg BT 436.53 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.15 586.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 473.55 586.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 497.60 586.25 Td (year ) Tj ET Q q 0 0 0 rg BT 517.21 586.25 Td (will ) Tj ET Q q 0 0 0 rg BT 535.17 586.25 Td (be ) Tj ET Q q 0 0 0 rg BT 547.00 586.25 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (than ) Tj ET Q q 0 0 0 rg BT 69.46 574.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 108.91 574.25 Td (production ) Tj ET Q q 0 0 0 rg BT 154.48 574.25 Td (or ) Tj ET Q q 0 0 0 rg BT 165.05 574.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 186.74 574.25 Td (for ) Tj ET Q q 0 0 0 rg BT 200.64 574.25 Td (this ) Tj ET Q q 0 0 0 rg BT 217.34 574.25 Td (period; ) Tj ET Q q 0 0 0 rg BT 247.91 574.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 269.04 574.25 Td (that ) Tj ET Q q 0 0 0 rg BT 286.28 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.75 574.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 326.87 574.25 Td (for ) Tj ET Q q 0 0 0 rg BT 340.77 574.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 359.67 574.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 381.36 574.25 Td (will ) Tj ET Q q 0 0 0 rg BT 399.16 574.25 Td (be ) Tj ET Q q 0 0 0 rg BT 410.84 574.25 Td (less ) Tj ET Q q 0 0 0 rg BT 428.09 574.25 Td (than ) Tj ET Q q 0 0 0 rg BT 447.55 574.25 Td (projected; ) Tj ET Q q 0 0 0 rg BT 489.78 574.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 529.24 574.25 Td (inherent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.15 562.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 77.19 562.25 Td (mine ) Tj ET Q q 0 0 0 rg BT 98.56 562.25 Td (development ) Tj ET Q q 0 0 0 rg BT 151.58 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.40 562.25 Td (production; ) Tj ET Q q 0 0 0 rg BT 214.88 562.25 Td (Corsa's ) Tj ET Q q 0 0 0 rg BT 245.28 562.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 272.20 562.25 Td (to ) Tj ET Q q 0 0 0 rg BT 281.36 562.25 Td (make ) Tj ET Q q 0 0 0 rg BT 304.39 562.25 Td (accretive ) Tj ET Q q 0 0 0 rg BT 341.84 562.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 390.99 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 406.81 562.25 Td (to ) Tj ET Q q 0 0 0 rg BT 415.96 562.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 436.77 562.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 469.26 562.25 Td (obligations; ) Tj ET Q q 0 0 0 rg BT 517.85 562.25 Td (geological, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (mining ) Tj ET Q q 0 0 0 rg BT 81.09 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 98.28 550.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 143.81 550.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 182.65 550.25 Td (problems; ) Tj ET Q q 0 0 0 rg BT 225.40 550.25 Td (inability ) Tj ET Q q 0 0 0 rg BT 261.49 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 272.02 550.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 299.77 550.25 Td (required ) Tj ET Q q 0 0 0 rg BT 335.84 550.25 Td (mine ) Tj ET Q q 0 0 0 rg BT 358.59 550.25 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 395.50 550.25 Td (mine ) Tj ET Q q 0 0 0 rg BT 418.25 550.25 Td (permits ) Tj ET Q q 0 0 0 rg BT 451.01 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 468.20 550.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 512.05 550.25 Td (approvals ) Tj ET Q q 0 0 0 rg BT 553.68 550.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (renewals ) Tj ET Q q 0 0 0 rg BT 88.16 538.25 Td (required ) Tj ET Q q 0 0 0 rg BT 124.11 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 134.51 538.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 181.01 538.25 Td (with ) Tj ET Q q 0 0 0 rg BT 201.42 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.26 538.25 Td (mining ) Tj ET Q q 0 0 0 rg BT 247.22 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.29 538.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 309.68 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.64 538.25 Td (coal; ) Tj ET Q q 0 0 0 rg BT 342.70 538.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 364.22 538.25 Td (that ) Tj ET Q q 0 0 0 rg BT 381.84 538.25 Td (Corsa) Tj ET Q q 0 0 0 rg BT 407.95 538.25 Td (s ) Tj ET Q q 0 0 0 rg BT 414.47 538.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 462.63 538.25 Td (plants ) Tj ET Q q 0 0 0 rg BT 489.14 538.25 Td (will ) Tj ET Q q 0 0 0 rg BT 507.32 538.25 Td (not ) Tj ET Q q 0 0 0 rg BT 522.73 538.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 554.78 538.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (production ) Tj ET Q q 0 0 0 rg BT 95.82 526.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 131.63 526.25 Td (during ) Tj ET Q q 0 0 0 rg BT 160.24 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.95 526.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 209.65 526.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 240.20 526.25 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 288.23 526.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 322.93 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 333.21 526.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 352.36 526.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 382.63 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 399.57 526.25 Td (specification; ) Tj ET Q q 0 0 0 rg BT 455.93 526.25 Td (variations ) Tj ET Q q 0 0 0 rg BT 497.86 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 508.14 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.85 526.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 542.00 526.25 Td (mine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.96 514.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 109.11 514.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 131.74 514.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 169.34 514.25 Td (rates; ) Tj ET Q q 0 0 0 rg BT 193.62 514.25 Td (dependence ) Tj ET Q q 0 0 0 rg BT 243.44 514.25 Td (on ) Tj ET Q q 0 0 0 rg BT 256.06 514.25 Td (third ) Tj ET Q q 0 0 0 rg BT 277.58 514.25 Td (party ) Tj ET Q q 0 0 0 rg BT 300.75 514.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 320.03 514.25 Td (transportation ) Tj ET Q q 0 0 0 rg BT 378.20 514.25 Td (systems; ) Tj ET Q q 0 0 0 rg BT 415.27 514.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 465.67 514.25 Td (for) Tj ET Q q 0 0 0 rg BT 476.93 514.25 Td (, ) Tj ET Q q 0 0 0 rg BT 482.05 514.25 Td (among ) Tj ET Q q 0 0 0 rg BT 511.89 514.25 Td (other ) Tj ET Q q 0 0 0 rg BT 535.07 514.25 Td (things, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (capital, ) Tj ET Q q 0 0 0 rg BT 82.59 502.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 133.80 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.57 502.25 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 184.27 502.25 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 238.80 502.25 Td (lands ) Tj ET Q q 0 0 0 rg BT 263.35 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 281.23 502.25 Td (skilled ) Tj ET Q q 0 0 0 rg BT 311.33 502.25 Td (personnel; ) Tj ET Q q 0 0 0 rg BT 356.42 502.25 Td (incorrect ) Tj ET Q q 0 0 0 rg BT 395.40 502.25 Td (assessments ) Tj ET Q q 0 0 0 rg BT 447.16 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.93 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.59 502.25 Td (value ) Tj ET Q q 0 0 0 rg BT 499.68 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.45 502.25 Td (acquisitions; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.55 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.67 490.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 142.57 490.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 168.79 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.57 490.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 225.67 490.25 Td (rates; ) Tj ET Q q 0 0 0 rg BT 249.67 490.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 284.22 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 294.34 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.90 490.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 355.68 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 365.80 490.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 396.46 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 406.58 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 421.14 490.25 Td (use, ) Tj ET Q q 0 0 0 rg BT 439.32 490.25 Td (mining ) Tj ET Q q 0 0 0 rg BT 470.00 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 486.78 490.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 531.89 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 542.56 490.25 Td (coal; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.74 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 95.06 478.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 142.03 478.25 Td (on ) Tj ET Q q 0 0 0 rg BT 154.56 478.25 Td (refuse ) Tj ET Q q 0 0 0 rg BT 181.53 478.25 Td (disposal; ) Tj ET Q q 0 0 0 rg BT 219.62 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.37 478.25 Td (ef) Tj ET Q q 0 0 0 rg BT 241.96 478.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 263.37 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 274.24 478.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 324.54 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.52 478.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 372.38 478.25 Td (pressures ) Tj ET Q q 0 0 0 rg BT 412.12 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 422.44 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.19 478.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 456.38 478.25 Td (market; ) Tj ET Q q 0 0 0 rg BT 489.46 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.21 478.25 Td (oversupply ) Tj ET Q q 0 0 0 rg BT 551.19 478.25 Td (of, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.86 466.25 Td (lack ) Tj ET Q q 0 0 0 rg BT 80.05 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.92 466.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 125.10 466.25 Td (for) Tj ET Q q 0 0 0 rg BT 136.36 466.25 Td (, ) Tj ET Q q 0 0 0 rg BT 141.40 466.25 Td (coal; ) Tj ET Q q 0 0 0 rg BT 163.36 466.25 Td (inability ) Tj ET Q q 0 0 0 rg BT 199.23 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.09 466.25 Td (management ) Tj ET Q q 0 0 0 rg BT 263.71 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 274.02 466.25 Td (secure ) Tj ET Q q 0 0 0 rg BT 302.09 466.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 321.28 466.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 343.25 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 354.12 466.25 Td (third ) Tj ET Q q 0 0 0 rg BT 375.54 466.25 Td (party ) Tj ET Q q 0 0 0 rg BT 398.62 466.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 436.69 466.25 Td (contracts; ) Tj ET Q q 0 0 0 rg BT 478.09 466.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 515.60 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.57 466.25 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 66.42 454.25 Td (fluctuations; ) Tj ET Q q 0 0 0 rg BT 117.85 454.25 Td (various ) Tj ET Q q 0 0 0 rg BT 148.72 454.25 Td (events ) Tj ET Q q 0 0 0 rg BT 175.70 454.25 Td (which ) Tj ET Q q 0 0 0 rg BT 201.58 454.25 Td (could ) Tj ET Q q 0 0 0 rg BT 225.23 454.25 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 254.44 454.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 297.53 454.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 324.52 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.17 454.25 Td (transportation ) Tj ET Q q 0 0 0 rg BT 395.15 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.91 454.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 423.00 454.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 461.38 454.25 Td (including ) Tj ET Q q 0 0 0 rg BT 500.59 454.25 Td (labor ) Tj ET Q q 0 0 0 rg BT 522.57 454.25 Td (stoppages ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.23 442.25 Td (severe ) Tj ET Q q 0 0 0 rg BT 93.57 442.25 Td (weather ) Tj ET Q q 0 0 0 rg BT 127.01 442.25 Td (conditions; ) Tj ET Q q 0 0 0 rg BT 173.25 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.26 442.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 220.71 442.25 Td (for ) Tj ET Q q 0 0 0 rg BT 234.17 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 250.40 442.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 297.18 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 307.31 442.25 Td (rail, ) Tj ET Q q 0 0 0 rg BT 324.93 442.25 Td (port ) Tj ET Q q 0 0 0 rg BT 342.83 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.07 442.25 Td (other ) Tj ET Q q 0 0 0 rg BT 381.41 442.25 Td (transportation ) Tj ET Q q 0 0 0 rg BT 438.75 442.25 Td (services; ) Tj ET Q q 0 0 0 rg BT 475.53 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.54 442.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 516.89 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 526.47 442.25 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (third ) Tj ET Q q 0 0 0 rg BT 71.56 430.25 Td (party ) Tj ET Q q 0 0 0 rg BT 94.79 430.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 114.12 430.25 Td (for ) Tj ET Q q 0 0 0 rg BT 128.46 430.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 173.91 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 191.03 430.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 226.47 430.25 Td (under ) Tj ET Q q 0 0 0 rg BT 251.91 430.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 290.13 430.25 Td (agreements; ) Tj ET Q q 0 0 0 rg BT 341.12 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.23 430.25 Td (management) Tj ET Q q 0 0 0 rg BT 412.10 430.25 Td (s ) Tj ET Q q 0 0 0 rg BT 418.67 430.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 446.90 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 457.36 430.25 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 498.90 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 516.02 430.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 549.79 430.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 92.73 418.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 123.78 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.07 418.25 Td (risks. ) Tj ET Q q 0 0 0 rg BT 167.03 418.25 Td (The ) Tj ET Q q 0 0 0 rg BT 186.43 418.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 255.81 418.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 301.87 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 320.16 418.25 Td (information ) Tj ET Q q 0 0 0 rg BT 371.22 418.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 413.94 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 425.57 418.25 Td (this ) Tj ET Q q 0 0 0 rg BT 443.86 418.25 Td (MD&A) Tj ET Q q 0 0 0 rg BT 474.43 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 478.27 418.25 Td (are ) Tj ET Q q 0 0 0 rg BT 494.33 418.25 Td (based ) Tj ET Q q 0 0 0 rg BT 520.95 418.25 Td (on ) Tj ET Q q 0 0 0 rg BT 534.80 418.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 101.98 406.25 Td (regarding, ) Tj ET Q q 0 0 0 rg BT 145.33 406.25 Td (among ) Tj ET Q q 0 0 0 rg BT 175.07 406.25 Td (other ) Tj ET Q q 0 0 0 rg BT 198.15 406.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 227.63 406.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 246.82 406.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 268.78 406.25 Td (being ) Tj ET Q q 0 0 0 rg BT 293.53 406.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 336.06 406.25 Td (with ) Tj ET Q q 0 0 0 rg BT 356.37 406.25 Td (expectations; ) Tj ET Q q 0 0 0 rg BT 411.66 406.25 Td (future ) Tj ET Q q 0 0 0 rg BT 438.06 406.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 464.47 406.25 Td (for ) Tj ET Q q 0 0 0 rg BT 478.66 406.25 Td (coal; ) Tj ET Q q 0 0 0 rg BT 500.63 406.25 Td (future ) Tj ET Q q 0 0 0 rg BT 527.04 406.25 Td (currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.93 394.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 107.18 394.25 Td (rates; ) Tj ET Q q 0 0 0 rg BT 131.33 394.25 Td (Corsa) Tj ET Q q 0 0 0 rg BT 157.43 394.25 Td (s ) Tj ET Q q 0 0 0 rg BT 163.82 394.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 191.86 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 202.13 394.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 238.49 394.25 Td (suf) Tj ET Q q 0 0 0 rg BT 250.53 394.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 278.56 394.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 298.83 394.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 319.65 394.25 Td (from ) Tj ET Q q 0 0 0 rg BT 341.58 394.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 385.73 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.66 394.25 Td (access ) Tj ET Q q 0 0 0 rg BT 430.69 394.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 459.83 394.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 493.98 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 504.25 394.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 526.18 394.25 Td (its ) Tj ET Q q 0 0 0 rg BT 538.12 394.25 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (obligations; ) Tj ET Q q 0 0 0 rg BT 100.35 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.69 382.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 159.91 382.25 Td (framework ) Tj ET Q q 0 0 0 rg BT 206.90 382.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 259.45 382.25 Td (royalties, ) Tj ET Q q 0 0 0 rg BT 299.51 382.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 323.18 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 340.74 382.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 401.63 382.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 434.18 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 445.09 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 460.43 382.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 500.21 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 511.11 382.25 Td (which ) Tj ET Q q 0 0 0 rg BT 538.68 382.25 Td (Corsa ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (conducts ) Tj ET Q q 0 0 0 rg BT 87.54 370.25 Td (business; ) Tj ET Q q 0 0 0 rg BT 126.20 370.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 144.85 370.25 Td (production ) Tj ET Q q 0 0 0 rg BT 190.16 370.25 Td (levels; ) Tj ET Q q 0 0 0 rg BT 218.26 370.25 Td (Corsa) Tj ET Q q 0 0 0 rg BT 244.37 370.25 Td (s ) Tj ET Q q 0 0 0 rg BT 250.25 370.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 277.79 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 287.56 370.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 312.32 370.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 349.85 370.25 Td (staf) Tj ET Q q 0 0 0 rg BT 364.11 370.25 Td (f ) Tj ET Q q 0 0 0 rg BT 369.43 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.86 370.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 430.06 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 439.83 370.25 Td (a ) Tj ET Q q 0 0 0 rg BT 446.26 370.25 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 473.29 370.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 500.82 370.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 532.80 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 542.57 370.25 Td (meet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (its ) Tj ET Q q 0 0 0 rg BT 62.16 358.25 Td (demand; ) Tj ET Q q 0 0 0 rg BT 99.31 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.46 358.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 142.50 358.25 Td (being ) Tj ET Q q 0 0 0 rg BT 167.43 358.25 Td (able ) Tj ET Q q 0 0 0 rg BT 186.80 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 197.29 358.25 Td (execute ) Tj ET Q q 0 0 0 rg BT 230.53 358.25 Td (its ) Tj ET Q q 0 0 0 rg BT 242.69 358.25 Td (program ) Tj ET Q q 0 0 0 rg BT 279.28 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.32 358.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 338.02 358.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 394.05 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.20 358.25 Td (initiatives. ) Tj ET Q q 0 0 0 rg BT 455.66 358.25 Td (There ) Tj ET Q q 0 0 0 rg BT 481.68 358.25 Td (can ) Tj ET Q q 0 0 0 rg BT 498.27 358.25 Td (be ) Tj ET Q q 0 0 0 rg BT 510.42 358.25 Td (no ) Tj ET Q q 0 0 0 rg BT 523.14 358.25 Td (assurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.80 346.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 136.14 346.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 181.15 346.25 Td (will ) Tj ET Q q 0 0 0 rg BT 199.51 346.25 Td (prove ) Tj ET Q q 0 0 0 rg BT 225.08 346.25 Td (to ) Tj ET Q q 0 0 0 rg BT 235.66 346.25 Td (be ) Tj ET Q q 0 0 0 rg BT 247.90 346.25 Td (accurate, ) Tj ET Q q 0 0 0 rg BT 286.50 346.25 Td (as ) Tj ET Q q 0 0 0 rg BT 297.63 346.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 324.31 346.25 Td (results ) Tj ET Q q 0 0 0 rg BT 353.22 346.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.46 346.25 Td (future ) Tj ET Q q 0 0 0 rg BT 397.14 346.25 Td (events ) Tj ET Q q 0 0 0 rg BT 425.48 346.25 Td (could ) Tj ET Q q 0 0 0 rg BT 450.50 346.25 Td (dif) Tj ET Q q 0 0 0 rg BT 461.43 346.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 475.33 346.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 518.67 346.25 Td (from ) Tj ET Q q 0 0 0 rg BT 540.91 346.25 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 96.03 334.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.98 334.25 Td (such ) Tj ET Q q 0 0 0 rg BT 126.48 334.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 173.20 334.25 Td (The ) Tj ET Q q 0 0 0 rg BT 190.91 334.25 Td (reader ) Tj ET Q q 0 0 0 rg BT 218.06 334.25 Td (is ) Tj ET Q q 0 0 0 rg BT 226.89 334.25 Td (cautioned ) Tj ET Q q 0 0 0 rg BT 267.93 334.25 Td (not ) Tj ET Q q 0 0 0 rg BT 282.88 334.25 Td (to ) Tj ET Q q 0 0 0 rg BT 292.82 334.25 Td (place ) Tj ET Q q 0 0 0 rg BT 316.08 334.25 Td (undue ) Tj ET Q q 0 0 0 rg BT 342.69 334.25 Td (reliance ) Tj ET Q q 0 0 0 rg BT 376.50 334.25 Td (on ) Tj ET Q q 0 0 0 rg BT 388.66 334.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 456.37 334.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 503.25 334.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 528.74 334.25 Td (does ) Tj ET Q q 0 0 0 rg BT 549.24 334.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (undertake ) Tj ET Q q 0 0 0 rg BT 91.82 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 101.99 322.25 Td (update ) Tj ET Q q 0 0 0 rg BT 131.04 322.25 Td (any ) Tj ET Q q 0 0 0 rg BT 147.87 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.59 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.20 322.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 241.13 322.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 285.73 322.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 327.00 322.25 Td (in ) Tj ET Q q 0 0 0 rg BT 337.17 322.25 Td (this ) Tj ET Q q 0 0 0 rg BT 354.01 322.25 Td (MD&A) Tj ET Q q 0 0 0 rg BT 384.57 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 386.96 322.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 414.36 322.25 Td (required ) Tj ET Q q 0 0 0 rg BT 450.06 322.25 Td (by ) Tj ET Q q 0 0 0 rg BT 462.46 322.25 Td (law) Tj ET Q q 0 0 0 rg BT 476.25 322.25 Td (. ) Tj ET Q q 0 0 0 rg BT 480.96 322.25 Td (The ) Tj ET Q q 0 0 0 rg BT 498.90 322.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 543.51 322.25 Td (as ) Tj ET Q q 0 0 0 rg BT 554.23 322.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (Corsa) Tj ET Q q 0 0 0 rg BT 76.11 310.25 Td (s ) Tj ET Q q 0 0 0 rg BT 82.61 310.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 118.53 310.25 Td (to ) Tj ET Q q 0 0 0 rg BT 128.91 310.25 Td (produce ) Tj ET Q q 0 0 0 rg BT 163.73 310.25 Td (coal ) Tj ET Q q 0 0 0 rg BT 182.99 310.25 Td (are ) Tj ET Q q 0 0 0 rg BT 197.80 310.25 Td (no ) Tj ET Q q 0 0 0 rg BT 210.41 310.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 251.88 310.25 Td (that ) Tj ET Q q 0 0 0 rg BT 269.49 310.25 Td (it ) Tj ET Q q 0 0 0 rg BT 277.65 310.25 Td (will ) Tj ET Q q 0 0 0 rg BT 295.82 310.25 Td (achieve ) Tj ET Q q 0 0 0 rg BT 328.96 310.25 Td (these ) Tj ET Q q 0 0 0 rg BT 352.11 310.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 378.04 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 388.98 310.25 Td (production ) Tj ET Q q 0 0 0 rg BT 434.91 310.25 Td (or ) Tj ET Q q 0 0 0 rg BT 445.85 310.25 Td (that ) Tj ET Q q 0 0 0 rg BT 463.45 310.25 Td (it ) Tj ET Q q 0 0 0 rg BT 471.62 310.25 Td (will ) Tj ET Q q 0 0 0 rg BT 489.78 310.25 Td (be ) Tj ET Q q 0 0 0 rg BT 501.83 310.25 Td (able ) Tj ET Q q 0 0 0 rg BT 521.09 310.25 Td (to ) Tj ET Q q 0 0 0 rg BT 531.47 310.25 Td (achieve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (these ) Tj ET Q q 0 0 0 rg BT 73.05 298.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 94.99 298.25 Td (levels.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 272.68505859375 m 150.29296875 272.68505859375 l s q 0 0 0 rg BT 50.00 274.25 Td (Additional ) Tj ET Q q 0 0 0 rg BT 98.07 274.25 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (Additional ) Tj ET Q q 0 0 0 rg BT 95.27 250.25 Td (information ) Tj ET Q q 0 0 0 rg BT 144.99 250.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 185.80 250.25 Td (Corsa ) Tj ET Q q 0 0 0 rg BT 211.63 250.25 Td (is ) Tj ET Q q 0 0 0 rg BT 220.80 250.25 Td (available ) Tj ET Q q 0 0 0 rg BT 259.39 250.25 Td (under ) Tj ET Q q 0 0 0 rg BT 284.66 250.25 Td (Corsa's ) Tj ET Q q 0 0 0 rg BT 316.18 250.25 Td (profile ) Tj ET Q q 0 0 0 rg BT 345.34 250.25 Td (at ) Tj ET Q q 0 0 0 rg BT 355.05 250.25 Td (www) Tj ET Q q 0 0 0 rg BT 376.07 250.25 Td (.sedar) Tj ET Q q 0 0 0 rg BT 399.12 250.25 Td (.com.) Tj ET Q endstream endobj 65 0 obj <> /View <>>>>> endobj 66 0 obj <> /View <>>>>> endobj 67 0 obj <> endobj 68 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;