Page 47 Y OUR HARD-R OCK MINING SER VICE & SUPPOR T SOL UTIONS. SSB Small Se c tion Bol ter Y our gr ound support soluton f or smaller mine openings, the SSB Small Secton Bolt er is based upon the highly success ful Series 900 Bolt er . The bene fts of sa f e ty , pr oductvity , v er sa tlity and quality of ins t alla ton c ombine t o pr o vide the ideal t ool f or the mine de v elopm en t cy cle and r ehabilit a ton oper a tons. The SSB’ s one-man oper a ton, allo w s f or sequen tal boltng ring se t -up s fr om the scissor pla t orm all under support ed gr ound. Visit us at Timmins Mining Expo May 29 & 30, 2013 Booth 31 Timmins, ON, Canada sales@macleanengineering.com www.macleanengineering.com 1 705.670.8014 Mine -Ma te ™ Serie s A tt a chment s Con v enien t and v er sa tle, the MacLean Engineering Mine- Ma t e™ Series A t achmen ts ar e r eady when y ou ar e. With its full 360 degr ee r ang e of c on tnuous moton, the Mine- Ma t e™ F an Handler is ideal f or f an-t o-bulkhead ins t alla tons. The Mine-Ma t e™ Pipe Handler has the maneuv er ability of a r obotc arm with the c apacity t o lif pas t e- flled pipes. With the c on v enience of the ele v a t ed w ork pla t orm and f or w ar d and side shif op ton, this elimi na t es the need f or multple v ehicles and allo w s f or further ins t alla ton c o v er ag e. SS2 & SS3 Sho t crete Spr a yer s The MacLean Engineering Mine-Ma t e™ SS2 & SS3 Shot cr e t e Spr a y er is a rug g ed mechaniz ed shot cr e t e spr a ying s y s t em de v eloped specifc ally f or under gr ound gr ound support applic a tons. The unit is op tmiz ed t o mak e use of the la t es t de v elopmen ts in w e t shot cr e t e ma t erials, additv es and spr a ying pr ocesses f or r educed airborne partcula t es while ensuring high quality and perf ormance. Page 47 AuRico/YOUNG-DA VIDSON MINE Page 46 Cont’d from pg. 45 Davidson mine as under ground pro - duction ramps-up over the year and as improved productivity is achieved through the commissioning of the shaft infrastructure during the third quarter . As a result, production in the sec - ond half of the year is expected to strengthen and will exceed production during the frst half of the year . Cash costs are expected to be in the range of $540 to $620 per ounce and all-in costs are expected be between $1,100 and $1,200 per ounce. The company intends to provide all-in cash costs as a reported measure in 2013. At Y oung-Davidson, gold production in 2013 is estimated in the 120,000- 140,000 ounce range. The mine is ex - pected to hit 250,000 ounces annually in 2016. Capital investm ent at Y oung-David - son is heading towards half a billion dollars, including $135 to $150 mil - lion planned for 2013. “Our growing production profle is primarily driven by the Y oung-Da - vidson Mine, where over the last four months of commercial production we have demonstrated the growing po - tential of this asset,” stated Perry . “In 2013, we will be focused on completing our non-recurring capi - tal investment projects, including the commissioning of the Northgate shaft during the third quarter , which will enhance unit costs and improve under ground productivities at Y oung- Davidson. W e enter 2013 as a trans - formed company with a management team committed to deliverin g share - holder value.” Northgate paid Matachewan Con - solidated cash of $216,500, retention of the royalty of ore mined and pro - cessed from the property , and North - gate assuming liability for a note pay - able on the property of $383,434. On Nov .26, 2012, Matachew an Con - solidated announced the commence - ment of actual royalties earned from gold production at the Y oung-David - son Mine. The company reports that approxi - mately 47,000 tonnes of ore was pro - cessed from the Matachewan prop - erty during October 2012, recovering 2,300 ounces of gold, and generating an estimated royalty of US$215,000. Under the terms of the agreement dated June 1, 1979 as amend ed, with AuRico, Matachewan Consolidated earns a base royalty of US$1.105 per tonne of ore mined and processed from the former producing Matache - wan Mine property , an additional slid - ing scale royalty is also earned if the price of gold exceeds $270 US per ounce. This amounts to 5% of the in - crease per ounce recovered above the base rate of $270 US per ounce, the price is based on the average quarterly price of gold sold on the free market during the quarter that the ore is pro - cessed. The property is located in Powell and Cairo T ownships, Larder Lake Min - ing Division, Ontario, and forms a portion of the Y oung-Davidson Mine operated by AuRico. Capital Investment in Y oung-Davidson Y OUR HARD-R OCK MINING SER VICE & SUPPOR T SOL UTIONS. SSB Small Se c tion Bol ter Y our gr ound support soluton f or smaller mine openings, the SSB Small Secton Bolt er is based upon the highly success ful Series 900 Bolt er . The bene fts of sa f e ty , pr oductvity , v er sa tlity and quality of ins t alla ton c ombine t o pr o vide the ideal t ool f or the mine de v elopm en t cy cle and r ehabilit a ton oper a tons. The SSB’ s one-man oper a ton, allo w s f or sequen tal boltng ring se t -up s fr om the scissor pla t orm all under support ed gr ound. Visit us at Timmins Mining Expo May 29 & 30, 2013 Booth 31 Timmins, ON, Canada sales@macleanengineering.com www.macleanengineering.com 1 705.670.8014 Mine -Ma te ™ Serie s A tt a chment s Con v enien t and v er sa tle, the MacLean Engineering Mine- Ma t e™ Series A t achmen ts ar e r eady when y ou ar e. With its full 360 degr ee r ang e of c on tnuous moton, the Mine- Ma t e™ F an Handler is ideal f or f an-t o-bulkhead ins t alla tons. The Mine-Ma t e™ Pipe Handler has the maneuv er ability of a r obotc arm with the c apacity t o lif pas t e- flled pipes. With the c on v enience of the ele v a t ed w ork pla t orm and f or w ar d and side shif op ton, this elimi na t es the need f or multple v ehicles and allo w s f or further ins t alla ton c o v er ag e. SS2 & SS3 Sho t crete Spr a yer s The MacLean Engineering Mine-Ma t e™ SS2 & SS3 Shot cr e t e Spr a y er is a rug g ed mechaniz ed shot cr e t e spr a ying s y s t em de v eloped specifc ally f or under gr ound gr ound support applic a tons. The unit is op tmiz ed t o mak e use of the la t es t de v elopmen ts in w e t shot cr e t e ma t erials, additv es and spr a ying pr ocesses f or r educed airborne partcula t es while ensuring high quality and perf ormance. AuRico/YOUNG-DA VIDSON MINE