Page 60 Quality tonnes over quantity is objective of W esdome By Gregory Reynolds Focusing on increasing mined gold grades is paying of for W esdome Gold Mines Ltd Duncan Middlemiss president and CEO commented on third quarter gold production As a result of im proved developmentrates in Q2 we have signifcantly increased the mine able inventory of higher grade ore at the Eagle River Under ground Mine Milled under ground tonnes increased 27 over Q2 while head grades re main above reserve grades Develop ment into the high grade 303 Zone is nearing completion to allow for stope production at the end of Q4 and will be in ore production throughout 2018 Y ear to date production of 43184 ounces has us well positioned to achieve our 2017 guidance range of 52000 58000 ounces Gold ounces sold were 13069 ounces at an average sales price of C1619 per ounce revenue of C21 M ex ceeding the company s internal bud get of C1550 per ounce Additionally the company in V al dOr Quebec resumed drilling on the Kiena Deep discovery working from a new drill bay completed from the exploration ramp W esdome is in its 30th year of con tinuous operations in Canada The company is 100 Canadian fo cused with a pipeline of projects in various stages of development The Eagle River Complex in W awa Ontario is currently producing gold from two mines the Eagle River Un der ground Mine and the Mishi Open Pit processed at a central mill W esdome is actively exploring its brownfelds asset the Kiena Complex in V al dOr Quebec The Complex is a fully permitt ed former mine with a 930 metre shaft and 2000 tonne per day mill The company has further upside at its Moss Lake gold deposit located 100 kilometres west of Thunder Bay Ontario which is being explored and evaluated to be developed in the ap propriate gold price environment Middlemiss said over the last year the operations team has been focused on increasing mined gold grades and developed stope inventory consistent ly quarter over quarter This has been achieved by opening up additional production areas and increased discipline of the applica tion of quality tonnes not quantity tonnes Moving forward we are focused on reducing unit costs on an allin basis Completion of a ventilation raise this year will improve the workplaces and increase productivity by allowing for additional production areas further reducing unit costs and increasing production In the meantime 2 drills will be drill ing other prospective tar gets under ground These include the VC and S50 zones both of which are locat ed close to existing production infrastructure On Sept 19 2017 W esdome an nounced a corporate restructuring and consequent management changes Efective imm ediately Philip Ng Chief Operating Ofcer Hemdat Sawh Chief Financial Ofcer Geor ge Mannard V ice President Explora tion and Benoit Laplante V ice Presi dent Corporate Development de parted the company In connection with the corporate re structuring and its eforts to reduce cost profles increase production and improve proftability the positions of vice president corporate develop ment and vice president Quebec Op erations have been eliminated Accordingly MarcAndre Pelletier previously vice president Quebec Operations has been appointed Chief Operating Ofcer and will oversee all company operations The company also welcomed Ben Au and Michael Michaud who have been appointed as Chief Financial Ofcer and V ice President Exploration re spectively who will start Sept 26 2017 Page 60