Page 17 www . AquatechDewatering.com DEW A TERING | BYP ASS PUMPING | DREDGING | HDPE PIPE & FUSION | RENT AL & SALES SL URR Y SL UDGE T AILINGS ...or just plain w ater WE ARE Y OUR PUMPING PUMPING SOL UTION! Page 17 www . AquatechDewatering.com DEW A TERING | BYP ASS PUMPING | DREDGING | HDPE PIPE & FUSION | RENT AL & SALES SL URR Y SL UDGE T AILINGS ...or just plain w ater WE ARE Y OUR PUMPING PUMPING SOL UTION! Page 16 Cont’d from pg. 14 www . AquatechDewatering.com DEW A TERING | BYP ASS PUMPING | DREDGING | HDPE PIPE & FUSION | RENT AL & SALES SL URR Y SL UDGE T AILINGS ...or just plain w ater WE ARE Y OUR PUMPING PUMPING SOL UTION! mines that produced 14 million ounces in the 1930s-1950s. The Y oung-Davidson gold mine achieved the frst gold pour on April 30, 2012 and reached commercial production Sept. 1, 2012 . Production in 2012 from an open pit was 56,138 ounces and 2013’ s esti - mate is 120,000-140 ,000 ounces . The mine is expect ed to ramp-up to over 250,000 ounces of annual peak pro - duction by 2016. Y oung-Davidson is situated within the southwestern part of the Abitibi Greenstone Belt, one of the lar gest greenstone belt s in the world with his - toric production of 160 million ounces of gold. The Belt consists of a com - plex and diverse array of volcanic, sedimentary , and plutonic rocks typi - cally metamorphosed to greenschist facies grade, but locally attaining am - phibolite facies grade. W ithin the Belt lies the Kirkland-Lar - der Lake trend, home to several gold camps including Y oung-Davidson, with combined historic production of 34 million ounces of gold. Perry said in January that “it has been a transformatio nal year for the com - pany as we re-positioned our portfolio for reliable, consistent and sustainable performance, demonstrating our focus on quality ounces that will drive sig - nifcant cash fow going forward. W e are pleased with the performance of the Y oung-Davidson and El Chan - ate mines as both assets reported solid results for the year . W e are par - ticularly encouraged by the progress at the newly commissioned Y oung- Davidson mine. The commissioning of Y oung-Da - vidson has been one of the most suc - cessful in recent years with the mill facility operating consistently at, or above, namepl ate. As we gain more experience with operating Y oung-Da - vidson, we become more confdent in its potential. In 2013 and the coming years we will continue to focus signifcant ef forts on realizing that potential,” he said. The company has three producing mines, the Y oung-Davidson, the El Chanate and the Kemess in British Columbia. Kemess is an under ground gold/copper producer with proven and probable gold reserves of 1.8 mil - lion ounces and copper reserves of 619 million pounds. Y oung-Davidson to focus on quality ounces that will drive signifcant cash fow going forward