Page 58 Contd from pg 56 Ongoing drilling extends highgrade gold mineralization ized foreign exchange gains recorded within both deferred taxes and foreign exchange of 87 million Generated cash fow from operating activities of 452 million 416 mil lion or 01 1 per share before chang es in working capital1 a decrease from the second quarter primarily refecting a lower realized gold price and lower gold sales Ended the quarter with no debt and cash and cash equivalents of 2248 million Announced a signifcant increase in Mineral Reserves and Resources at Island Gold as of June 30 2018 Paid a semiannual dividend of 001 per common share or 39 million to shareholders on October 30 2018 representing the Company s 18th con secutive semiannual dividend Exploration Results from Island Gold Mine In November Alamos Gold Inc re ported new results from surface and under ground exploration drilling at the Island Gold Mine from the second half of 2018 Ongoing drill ing continues to extend highgrade gold mineraliz ation alongstrike and downplunge from existing Mineral Reserves and Resources across all three main areas of focus the Main Extension the Eastern Extension and the W estern Extension All reported drill widths are true width of the mineralized zones unless oth erwise stated Main Extension best surface directi onal drilling intersec tion to date MH13 extending high grade gold mineralization 60 metres m east of the nearest intersection Highgrade mineralization now ex tends nearly 1000 m east of current mine workings and remains open to the east and downplunge New high lights include 1 1858 gt Au 3999 gt cut over 666 m 2150 gt Au 1370 gt cut over 780 m and 3170 gt Au 1451 gt cut over 381 m W estern Extension highgrade miner alization extended laterally and down plunge from existing Inferred Mineral Resources New highlights include 7826 gt Au 6774 gt cut over 229 m and 1969 gt Au 1969 gt cut over 279 m Eastern Extensio n high grade minerali zation extende d below and east of existing Inferred and Indi cated Mineral Resources and remains open downplunge New highlights include 4613 gt Au 4417 gt cut over 283 m and 1372 gt Au 1372 gt cut over 760 m Page 58 North American Palladium Expands Pr oduction By Frank Giorno North American Palladium plans to double the quantity of ore extracted at its Lac des Iles mine north of Thunder Bay Ontario The company announced it has con tracted Redpath Canada Limited of North Bay to develop its under ground mining capability Once the expansion is completed the amount of ore extracted will increase from its current rate of just over 6000 tonnes per day tpd to 12000 tpd Under the terms of the contract Red path will add approximately 6550 metres of lateral development and 560 metres of vertical development to access ore reserves in the upper mine beneath and around the perimeter of the dormant Roby open pit The contract is expected to be approx imately 2 years in duration Redpath is one of the premier min ing contractors in the world and we welcome them onboard as we expand the Lac des Iles mine and make it one of the lar gest under ground mines in Canada said Jim Gallaghe r Presi dent and CEO of North American Palladium The Lac des Iles mine development crews will continue with their work to sustain ongoing production which is expected to rise to over 7000 tpd by the end of 2019 Palladium s primarily used as a thin coating on ceramic flters insider of catalytic converters in automobile Contd on pg 59