Page 83 With o v er 90 offices coast to coast in Canada, G4S off ers the public and private sectors a unique combination of: Canada’ s leading pr o vider of security solutions G4S pr o vides end-to-end security solutions f or the mining industr y • T ra v el risk management • Risk consulting ser vices • Electr onic security solutions • Manned security guar ding • Health & Saf ety suppor t ser vices • Secur e transpor tation ser vices • Risk Assessments • Secur ity P e r s onnel • C ash Manag ement Solutions • V alued Goods T r anspor t ation • Scr eening Ser vices • S ecur ity T ec hnolo gy 1-888-717-4447 solutions@ca.g4s.com www .g4s.ca 2009_G4S_Mining Ad_FA:Layout 1 13-04-02 9:49 AM Page 1 Page 82 Cont’d from pg. 80 niently surrounded by infrastructure, and with tremendous exploration po - tential. “By continuing to focus on our strat - egy of deliver ing a project with the lowest risk to our shareholders and the strongest internal rate of return, we have devel oped a plan with high production rates, low cash and ‘all-in’ costs and strong mar gins. He added “our planned mine produc - tion averages 326,000 ounces of gold and 494,000 ounces of silver annually in the frst 10 years of the combined open pit and under ground operation. Over that period, we will operate at mill head grades of 1.46 grams per tonne of gold and 3.19 grams per tonne of silver , and a low open pit operating strip ratio of 2.8:1, which excludes overburden and capitalized waste. The higher grades mined in the open pit and under ground will enable the average cash costs in the frst fve and 10 years to be US$413 and US$468 per ounce of gold, including royalties, and net of silver credit, respectively , which would place the Rainy River Gold Project in the lowest and sec - ond-lowest quartiles for cash costs, respectively , among gold producers worldwide. The after -tax NPV is $931 million with low ‘all-in’ cash costs of US$771 per ounce gold (at US$1,400 per ounce gold, US$25 per ounce silver , including royalties and net of silver credits). This mine plan, combined with the exploration potential in our district, makes the Rainy River Gold Project stand out in Canada as a low risk, high return project. A prime exam ple of the district po - tential is our exciting Intrepi d Zone, where last week we saw high grade intercepts of almost half an ounce of gold and almost three ounces of sil - ver over nine metres in drill hole NR 131523. The Intrepid Zone, which is not in - cluded in the Feasibility Study , exem - plifes the potential of the district and is expected to add high quality ounces to an already outstanding Rainy River Gold Project,” said Threlkeld. • Life-of-mine after -tax net pres - ent value (NPV), at a 5% discount rate of $931 million, interna l rate of return (IRR) of 23.7% and a payback of 3.2 years based on metal prices of US$1,400 per ounce gold and US$25 per ounce silver (base case). • Initial pre-production capital costs of $713 million. • T otal open pit sustaining capital costs of $322 million (tailings facili - ties, overburden, waste removal, and equipment). • Under ground development capi - tal costs of $68 million, commencing in 2016, funded by operati ng cash fows. • Under ground sustaining capi - tal costs of $95 million (development, infrastructure and equipment). The Rainy River Gold Project has attracted exploration intere st since 1967; however , deep cover hampered exploration ef forts and thus limited interest in the area. Rainy River Resour ces Completes Feasibility Study: Establishes Intermediate Pr oduction Pr ofle with 4.0 Million Ounces of Gold in Pr oven and Pr obable Reserves