Total capital and capitalized stripping presented in the All-in cash cost calculation can be reconciled as follows:
----------------------------------------------------------------------------Fourth Quarter 2012 ($ millions, unaudited) Kumtor Boroo All other Consolidated----------------------------------------------------------------------------Capitalized stripping - cash 26.1 - - 26.1----------------------------------------------------------------------------Sustaining capital - cash 10.5 0.4 0.2 11.1----------------------------------------------------------------------------Growth capital - cash 36.6 0.3 0.2 37.1----------------------------------------------------------------------------Increase in accruals included inadditions to PP&E 9.1 - - 9.1--------------------------------------------------------------------------------------------------------------------------------------------------------Total - Additions to PP&E 82.3 0.7 0.4 83.4 (1)--------------------------------------------------------------------------------------------------------------------------------------------------------Fourth Quarter 2011----------------------------------------------------------------------------Capitalized stripping - cash 6.0 - - 6.0----------------------------------------------------------------------------Sustaining capital - cash 7.8 0.9 0.3 9.0----------------------------------------------------------------------------Growth capital - cash 12.4 0.3 - 12.7----------------------------------------------------------------------------Increase in accruals included inadditions to PP&E 2.1 - - 2.1--------------------------------------------------------------------------------------------------------------------------------------------------------Total - Additions to PP&E 28.3 1.2 0.3 29.8 (1)--------------------------------------------------------------------------------------------------------------------------------------------------------2012 Year ($ millions, unaudited) Kumtor Boroo All other Consolidated----------------------------------------------------------------------------Capitalized stripping - cash 129.3 6.3 - 135.6----------------------------------------------------------------------------Sustaining capital - cash 40.8 2.1 0.6 43.5----------------------------------------------------------------------------Growth capital - cash 176.4 0.3 0.5 177.2----------------------------------------------------------------------------Increase in accruals included inadditions to PP&E 10.1 - - 10.1--------------------------------------------------------------------------------------------------------------------------------------------------------Total - Additions to PP&E 356.6 8.7 1.1 366.4 (1)--------------------------------------------------------------------------------------------------------------------------------------------------------2011 Year----------------------------------------------------------------------------Capitalized stripping - cash 39.4 - - 39.4----------------------------------------------------------------------------Sustaining capital - cash 32.2 1.8 0.6 34.6----------------------------------------------------------------------------Growth capital - cash 95.0 4.5 0.4 99.9----------------------------------------------------------------------------Increase in accruals included inadditions to PP&E 1.3 - - 1.3--------------------------------------------------------------------------------------------------------------------------------------------------------Total - Additions to PP&E 167.9 6.3 1.0 175.2 (1)----------------------------------------------------------------------------(1) As reported in the Company's Consolidated Statement of Cash Flows as "Investing Activities - Additions to property, plant & equipment".



