Common use of Mineral Reserves and Resources Clause in Contracts

Mineral Reserves and Resources. The proven and probable mineral reserves and mineral resources for Primero Property and the Primero Mineral Rights in which Primero or any of the Primero Subsidiaries holds an interest, as set forth in the Primero Documents, were prepared in all material respects in accordance with sound mining, engineering, geoscience and other applicable industry standards and practices, and in all material respects in accordance with all applicable Laws, including the requirements of NI 43-101. There has been no material reduction in the aggregate amount of estimated mineral reserves, estimated mineral resources or mineralized material of Primero, any of the Primero Subsidiaries, or any of their material joint ventures, taken as a whole, from the amounts set forth in the Primero Documents. Except as disclosed in the Primero Documents, all information regarding the Primero Property and the Primero Mineral Rights, including all drill results, technical reports and studies, that are required to be disclosed by Laws, have been disclosed in the Primero Documents.