Management's Discussion and Analysis of Results of Operations and Financial Condition For the three months ended March 31, 2024 May 13, 2024 Page TABLE OF CONTENTS Introduction 1 Our Business 1 Our Purpose 2 Summary 2 Key Financial Results 6 Key Production Results 7 Key Costs Results 7 Recent Developments 8 Peru Operations Review 12 Manitoba Operations Review 17 British Columbia Operations Review 21 Financial Review 24 Liquidity and Capital Resources 33 Financial Risk Management 37 Trend Analysis and Quarte ...