Page 50 Contd from pg 49 w w w d r i v e l i n e i n c c o m 1 8 0 0 6 6 7 2 8 5 8 C a l i p e r B r a k e s A i r H y d r a u l i c M e c h a n i c a l o r S p r i n g A p p l i e d E n g i n e e r i n g A s s i s t a n c e U n l i m i t e d U n l i m i t e d T o r q u e C a p a c i t i e s C a n a d i a n A u t h o r i z e d R e p a i r C e n t e r As a result of a declining gold price together with a projected shortfall in production for the second quarter of 2013 the company proceeded with an equity issuance which resulted in net proceeds of approximately 165600000 in the second quarter of 2013 While the mine attain ed com mercial production in the third quarter of 2013 it said this may not in itself be suffcient to fully fund operations required sustaining capital expendi tures corporate costs and debt service payments During the 60 day period the pro cessing plant processed a total of 2486000 tonnes of ore including 17 days where daily milling rates exceeded 50000 tpd For the frst 1 1 days of August availability improved to 80 During the last four days of that period the processing plant oper ated at an average of 52900 tpd with an overall availability of 95 which is closely approaching the nameplate capacity of 55000 tpd The rampup is also steadily progress ing at the mine with mining rates av eraging 180000 tpd total material mined overburden ore and waste for the frst 1 1 days of August The company anticipates that its total cash costs for the postcommercial production period for 2013 will be approximately US1100 per ounce as it completes its rampup to a more steady state of production ie in creasing nameplate capacity from 75 to 90 Management is now forecasting gold production of approximately 270000 ounces for 2013 The company s focus remains on op timizing operating performance at the mine and mill to achieve near nameplate capacity by year end The company s primary asset remains the Detour Lake Mine where the com mencement of gold production oc curred in February 2013 after 27 months of construction Achieving commercial production is a signifcant milestone for the com pany and one for which all of us at Detour Gold can proudly take credit commented Gerald Panneton presi dent and CEO I want to personally thank all our employees and contractors for their dedication and hard work during the challenging commissioning period Reaching this milestone is also a tes tament to the cooperation obtained from all our stakeholders especially our aboriginal community partners W e are now seeing steady progress on a daily basis in all facets of our operations and are expecting to see production increase over the coming months Detour focuses on optimizing operating performance at mine mill By Frank Giorno CreeW est LP closed a deal on October 17 2013 to acquire Northern Skies Air Services which will operate as a division of the controlling company CreeW est Limited Partnership Northern Skies Air Services will con tinue to hold the operating certifcate with the ownership of it now con trolled by CreeW est LP a company that expands in its mandate in owning and operating its own Airline Com pany to one that will in addition now provide hangar facilities and also in Contd on pg 51 Cr eeW est Limited partnership purchases Sioux Lookout Hangar Northern Skies Air Services Shar es and Air craft for servicing NW Ontario