Economic Impact

Livengood Gold Project - Positive Economic Impacts

The Livengood Gold Project is an economic opportunity for interior Alaska through local jobs, contracts and purchasing. Based on the Company's November 2021 Pre- Feasibility Study, the long life mine is estimated to create:

• +800 direct construction jobs for 2 years
• +331 direct operational jobs for 21 years
• $1.9 Billion Construction Capital - 2.6 Billion Capital over life of Project
• Taxes and Royalties paid to the State of Alaska and the State Mental health Trust that will support needed services for Alaskans
• Significant local contracting and purchasing opportunities
• Investments in education, training and community non-profit organizations
• Mining industry jobs typically are stable year round and include benefit plans, such as, health, life, retirement, etc., which add to the overall economic impact as well as the desirability of employment in that sector.

Each year AMA commissions the McKinley Research Group to research the economic impact of Mining in Alaska. Continued investments by the mining industry ensure Alaska's continued economic growth. Mining employees live in ~90 communities throughout Alaska

http://alaskaminers.org/economic-impact/

MINING IS A GROWING FORCE IN ALASKA'S ECONOMY

Mining is a growing force in Alaska's economy, providing jobs for thousands of Alaskans and millions of dollars of personal income throughout Alaska. Alaska's mining industry includes exploration, mine development, and mineral production. Alaska's mines produce coal, gold, lead, silver, zinc, as well as construction materials, such as sand, gravel, and rock.

In 2022, Alaska's mining industry provided: ​

• 11,400 total direct and indirect jobs attributed to Alaska mining industry.
• Charitable contributions to ~280 Alaska non-profits. ​
• $4.5 million in contributions.
• $800,000 to civic, business, and industry organizations in Alaska through sponsorship and membership fees.
• Over $2.7 million contributed to the University of Alaska and vocational schools to support education in Alaska.
• 73% average Alaska resident hire at the six large mines.