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KOPY GOLDFIELDS Second quarter report - June 30 , 2021 APRIL - JUNE 2021 ( April - June 2020 ) ► Revenue TUSD 17,872 ( 21,110 ) ► EBITDA TUSD 6,833 ( 8,529 ) ► Unrealized loss from gold hedges TUSD -2,805 ( -801 ) ► Loss before tax TUSD -2,192 ( +7,312 ) ► Loss for the period TUSD -1,942 ( +5,798 ) ► Earnings per share before dilution USD 0.00 ( 0.01 ) ►Gold in stock ready for sale increased by 3.2 koz during Q2 2021 , onding to a sales value of TUSD 5,722 . ► USD 6.8 million exploration program on the Krasny project agreed with the partner GV Gold during the quarter with financing agreed after the end of the reporting period . SUMMARY OF FINANCIAL INFORMATION NÁSO MSEK Gold production ( gold eqvivalent , GE ) , koz Gold sales ( GE ) , koz Average realized gold price , USD / oz Revenue , TUSD Gross profit , TUSD Gross margin , % EBITDA , TUSD EBITDA margin , % Profit before tax , TUSD Profit for the period , TUSD Earnings per share before dilution , USD Earnings per share after dilution , USD Cash flow from operating activities before changes in working capital , TUSD Cash & cash equivalents at the end of the period , TUSD Net debt , TUSD Net debt / LTMEBITDA Equity per share , USD Glossary and definitions of the above performance measures are presented on page 20-21 . JANUARY - JUNE 2021 ( January - june 2020 ) ► Revenue TUSD 37,234 ( 44,235 ) ► EBITDA TUSD 14,014 ( 17,805 ) ►Unrealized gain from gold hedges TUSD 3,362 ( -1,383 ) ►Profit before tax TUSD 7,822 ( 12,324 ) Q2 11 We are on track towards our long - term growth targets . Mikhail Damrin , CEO ►Profit for the period TUSD 5,928 ( 9,724 ) ► Earnings per share before dilution USD 0.01 ( 0.01 ) ► 2021 gold production guidance of 56-59 koz unchanged Q2 2021 13.0 9.8 1,800 17,872 4,361 24 % 6,833 38 % -2,192 -1,942 -0.00 -0.00 6,830 Q2 2020 14.0 12.3 1,719 21,110 11,085 53 % 8,529 40 % 7,312 5,798 0.01 0.01 7,020 H1 H1 2020 2021 20.7 24.1 20.8 26.5 1,775 1,658 37,234 44,235 11,645 19,878 31 % 45 % 14,014 17,805 38 % 40 % 7,822 12,324 5,928 9,724 0.01 0.01 0.01 0.01 14,009 15,770 868 59,592 1.42 0.11 FY 2020 53.1 55.4 1,773 98,841 40,973 41 % 45,620 46 % 24,728 19,153 0.02 0.02 44,268 10,388 41,938 0.92 0.11