Page 56 By Gregory Reynolds Reaching 1000000 ounces of pro duction by any gold producer is sig nifcant but for T ahoe Canada to do so in eight years is considered remark able The company marked the milestone on Oct 19 It poured its frst gold bar in 2009 W ere pleased to celebrate this sig nifcant achievement in just over eight years with our employees contrac tors community and our Aboriginal partners said Peter V an Alphen vicepresident of operations for T ahoe Canada Our goal is to ensure that our next millionth ounce of gold is produced with continued operational excel lence strong environmental steward ship and a leading safety culture T ahoe Canada is a subsidiary of T ahoe Resources Inc which acquired Lake Shore Gold and its two under ground mines T immin s W est and Bell Creek along with Bell Creek Mill in 2016 The mill processes ore from both T immins W est and Bell Creek mines In its third quarter report the com pany said its balance sheet remains strong with cash and cash equivalents of more than 185 million at the end of August 2017 The company said its gold operations are performing well and represent an increasingly meaningful contribution to the overall fnancial performance of the company In 2017 production from T ahoe Canada is expected to total between 165000 and 180000 ounces T ar get ranges for tota l cash costs and AISC per ounce produced in 2017 are 650 to 700 and 1000 to 1100 respec tively Expansion projects at Shahuindo in Peru and Bell Creek in T imm ins are 2 0 1 7 B u s i n e s s o f t h e Y e a r N o v a A w a r d W i n n e r Historic pr oduction of 1M gold oz r eached by T AHOE Contd on pg 58