Page 55 B a c k e d b y t h e i n d u s t r y ’ s f r s t O n - T i m e G u a r a n t e e , M o d Sp a c e p r o v id e s a w id e r a n g e o f t e mp o r a r y a n d p e r m a n e n t b u i l d i n g s o l u t i o n s f o r y o u r s p a c e r e q u i r e m e n t s i n b o t h C a n a d a a n d t h e U n i t e d S t a t e s . W h e n i t c o m e s t o s u p p o r t i n g y o u r b u s i n e s s e f f o r t s , w e ’ r e r i g h t a t h o m e : o u r C a n a d i a n h e a d q u a r t e r s i s i n B r amp t o n , a n d w e h a v e o f f c e s a c r o s s C a n a d a t o s e r v e y o u r s p a c e n e e d s . W e ’ r e a l s o p l e a s e d t o a n n o u n c e o u r n e w l o c a t i o n a t 1 5 0 1 A i r p o r t R o a d i n T i m m i n s , s e r v i n g N o r t h e r n O n t a r i o . C o n t a c t u s t o d a y f o r i m m e d i a t e h e l p f r o m N o r t h A m e r i c a ’ s l e a d i n g p r o v id e r o f m o d u l a r s p a c e s o l u t i o n s . W e ’ r e r e a d y n o w . M O D S PA C E . C A o r 1 - 8 0 0 - 4 51 - 3 9 51 © 2 0 1 2 M O D U L A R S P A C E C O R P O R A T I O N . M O D S P A C E A N D L O G O R E G . T . M . , M O D U L A R S P A C E C O R P O R A T I O N . Mobile offces. Crew quarters. Storage containers. Guardhouses. Multi-offce complexes. Ready bef ore y ou are. 18742 Canadian_Trade-Ex_Ad.indd 1 8/31/12 3:16 PM Page 55 B a c k e d b y t h e i n d u s t r y ’ s f r s t O n - T i m e G u a r a n t e e , M o d Sp a c e p r o v id e s a w id e r a n g e o f t e mp o r a r y a n d p e r m a n e n t b u i l d i n g s o l u t i o n s f o r y o u r s p a c e r e q u i r e m e n t s i n b o t h C a n a d a a n d t h e U n i t e d S t a t e s . W h e n i t c o m e s t o s u p p o r t i n g y o u r b u s i n e s s e f f o r t s , w e ’ r e r i g h t a t h o m e : o u r C a n a d i a n h e a d q u a r t e r s i s i n B r amp t o n , a n d w e h a v e o f f c e s a c r o s s C a n a d a t o s e r v e y o u r s p a c e n e e d s . W e ’ r e a l s o p l e a s e d t o a n n o u n c e o u r n e w l o c a t i o n a t 1 5 0 1 A i r p o r t R o a d i n T i m m i n s , s e r v i n g N o r t h e r n O n t a r i o . C o n t a c t u s t o d a y f o r i m m e d i a t e h e l p f r o m N o r t h A m e r i c a ’ s l e a d i n g p r o v id e r o f m o d u l a r s p a c e s o l u t i o n s . W e ’ r e r e a d y n o w . M O D S PA C E . C A o r 1 - 8 0 0 - 4 51 - 3 9 51 © 2 0 1 2 M O D U L A R S P A C E C O R P O R A T I O N . M O D S P A C E A N D L O G O R E G . T . M . , M O D U L A R S P A C E C O R P O R A T I O N . Mobile offces. Crew quarters. Storage containers. Guardhouses. Multi-offce complexes. Ready bef ore y ou are. 18742 Canadian_Trade-Ex_Ad.indd 1 8/31/12 3:16 PM Page 54 B a c k e d b y t h e i n d u s t r y ’ s f r s t O n - T i m e G u a r a n t e e , M o d Sp a c e p r o v id e s a w id e r a n g e o f t e mp o r a r y a n d p e r m a n e n t b u i l d i n g s o l u t i o n s f o r y o u r s p a c e r e q u i r e m e n t s i n b o t h C a n a d a a n d t h e U n i t e d S t a t e s . W h e n i t c o m e s t o s u p p o r t i n g y o u r b u s i n e s s e f f o r t s , w e ’ r e r i g h t a t h o m e : o u r C a n a d i a n h e a d q u a r t e r s i s i n B r amp t o n , a n d w e h a v e o f f c e s a c r o s s C a n a d a t o s e r v e y o u r s p a c e n e e d s . W e ’ r e a l s o p l e a s e d t o a n n o u n c e o u r n e w l o c a t i o n a t 1 5 0 1 A i r p o r t R o a d i n T i m m i n s , s e r v i n g N o r t h e r n O n t a r i o . C o n t a c t u s t o d a y f o r i m m e d i a t e h e l p f r o m N o r t h A m e r i c a ’ s l e a d i n g p r o v id e r o f m o d u l a r s p a c e s o l u t i o n s . W e ’ r e r e a d y n o w . M O D S PA C E . C A o r 1 - 8 0 0 - 4 51 - 3 9 51 © 2 0 1 2 M O D U L A R S P A C E C O R P O R A T I O N . M O D S P A C E A N D L O G O R E G . T . M . , M O D U L A R S P A C E C O R P O R A T I O N . Mobile offces. Crew quarters. Storage containers. Guardhouses. Multi-offce complexes. Ready bef ore y ou are. 18742 Canadian_Trade-Ex_Ad.indd 1 8/31/12 3:16 PM within recent guidance. Barrick also produced 468 million pounds of copper in 2012 at cash costs of $2.17 per pound and fully allocated costs of $2.97 per pound. For the full year 2012, Barrick report - ed a net loss of $0.67 billion or $0.66 per share, including after -tax impair - ment char ges of $4.4 billion. Adjusted net earnings of $3.8 billion or $3.82 per share were the second highest in the company’ s history . “Investors are rightfully demand - ing fundamental change in the gold industry , and Barrick is driving this new paradigm,” said Jamie Sokalsky , president and CEO of Barrick. “Rising costs, poor capital allocation and the pursuit of production growth at any cost in the industry have led to declining equity valuations across the sector . The message is clear: the industry must chart a new path forward. Bar - rick highlighted the need for change last year , and we are increasin gly tak- ing strong acti on and re-focusing our business based on the principle that returns will drive production, production will not drive returns.” As of Dec. 31, 2012, Barrick’ s proven and probable mineral re - serves were 140.2 mil - lion ounces of gold, 1.05 billion ounces of silver containe d with - in gold reserves, and 13.9 billion pounds of copper . It replaced proven and probable gold reserves for the seventh straight year in 2012. First gold occurences were discovered in the Hemlo area in 1869. In the 1940s prospectors and trap - pers staked more gold occurences and then sold some of them to Dr . Jack K. W illiams of Maryland (his name would be later on attributed to a Hemlo gold mine). In 1979, more claims were staked by two T immins prospectors, Don McKinnon and John Larche , and an interested party optioned them; drill - ing and geological research were con - ducted by a geologist named David Bell who would also lend his name to another Hemlo gold mine. Drilling in 1981 discovered the main Hemlo deposit and a gold rush involv - ing over 180 companies ensued. Barrick today is the 100% owner of the Hemlo Mines. Franco Nevada has both a 3% NSR royalty and a 50% NPI royalty on a portion of the west - ern down-dip under ground extension of the Hemlo ore body . The T own of Marathon lies 40 km west of the Hemlo area. Marathon was founded as a railroad town. Nowadays it boasts a popula - tion of over 4,400 permanent resi - dents and an economy based on for - estry and gold mining. At Hemlo, present day mine life was estimated to 2018 but as of May 2012, Barrick announced that explo - ration ef forts managed to indentify a one mil lion ounces gold reserves that would extend open pit mine life by up to seven years. Hemlo mining operations are provid - ing opportuniti es for resident s of two nearby First Nations by creating a framework to train them for present and future mining employment. The mine also supports their businesses and trains them in how to do business. Cont’d from pg. 52 Barrick says gold industry must chart new path forward Page 54