11 www gbr eports c om Glob al Business R eport s ONT ARIO MINING 2018 PRERELEASE Glob al Business R eport s ONT ARIO MINING 2018 PRERELEASE perf ormed as s tr ongly as many analys t s pr edic t ed a t the s t art of 2018 R ob McEwen is bullish about it s fundament als Gold is g oing higher Gold shar es ar e ver y a t tr ac tively pric ed r ela tive t o the br o ad equity mark e t It s time t o buy g old and g old shar es he said P alladium is a pr ecious me t al with indus trial qualities with 80 of it s c onsump tion c oming fr om aut o sales With demand being driven up by the move fr om diesel t o pe tr ol and hybrid vehicles and pr oduc ers in South A fric a sc aling down oper a tions and announcing cutb acks due t o the decr e asing pric e of pla tinum of which p alladium is of en a bypr oduc t the pric e of p alladium has doubled fr om it s low of U S473 oz in Januar y 2016 t o ar ound U S980 oz in Sep t ember 2018 North Americ an P alladium NAP advertises it self as the only pur e play p alladium pr oduc er af er S tillw a t er Mining w as bought out by Sib ayne Gold R e c apit aliz ed in 2015 when Br ookfield A sse t Manag ement BAM ac quir ed 92 of the business NAP is now f ocusing on it s single pr oducing asse t the Lac des Iles mine north of Thunder Bay Ont ario The sit e is curr ently pr oc essing over 6000 mt d with the int ention t o double c ap acity t o 12000 mt d in 2019 and NAP has manag ed t o r educ e it s under gr ound mining c os t s t o less than C40 per t onne deliver ed t o surf ac e Jim Gallagher pr esident and CEO of NAP r e ve aled tha t the move t o a v aria tion of sub le vel c ave mining c alled suble vel shrink ag e mining SL S has been a c a t alys t f or NAP s chang e in f ortunes Due t o this chang e in me thod we ar e now able t o g o b ack t o the upper p art of the mine which w as his t oric ally mined out but now pr ovides an ec onomic ally viable r esour c e EXPL OR A TION THE HUNT F OR THE NEX T WORLD CL AS S DEPOSIT A s impending mine closur es f or the major players appr o ach the e yes of the junior c ommunity ar e widening with an acut e sense tha t ne w gr eenfield pr ojec t s of subs t antial pr oportions and quality will have t o be f ound or ac quir ed in the ne ar futur e In a tier one jurisdic tion with lit tle thr e a t of politic al ins t ability halting pr oduc tion the pr ospec t of a highgr ade disc over y in Ont ario is t ant alizing f or all involved in the indus tr y One of the juniors making the tr ansition fr om explor er t o pr oduc er is Hart e Gold whose Sug ar Z one pr operty in Whit e River Ont ario is loc a t ed be tween a number of pr oducing g old mines including the Barrick s Hemlo oper a tion Hart e Gold has signed a de al with Barrick t o mill a 70000mt bulk sample and permit and build Ont ario s ne wes t g old mine and milling f acilities S t ephen R oman chairman pr esident and CEO of Hart e Gold is in c onfident mood When I t ook over we had a mark e t c ap of C1 million Now we have a C250 million mark e t c apit aliz a tion with s tr ong gr owth po t ential PA LLADIUM PRICE EV OL UTIO N Source APME X Jan 16 Apr 16 Jan 17 Jul 16 Oct 16 Jul 17 Jul 18 Apr 17 Jan 18 Apr 18 Oct 17 1200 1000 800 600 US