The Runruno gold-molybdenum project is an open pit, truck and shovel operation on the island of Luzon in the northern Philippines. Gold production is expected to average 100 koz per year. The refractory ore requires flotation to produce gold and sulphide concentrate. The concentrate will be further processed by BIOX® technology, and then via CIL treatment to produce dore. The operation started in 2016 and has a seven year life of mine as stated at the end of 2019. Wood Mackenzie’s asset reports are built from the bottom up, incorporating a number of granular data metrics to ultimately produce our industry standard cash operating costs. This report contains a detailed asset note giving you a holistic view of the asset, including an operational overview through to a timeline of events from inception to now. This qualitative analysis is supplemented by the associated Excel download which enables interrogation of a whole series of cost and production metrics over the life of the asset.