Page 44 Contd from pg 40 Mishi Open Pit 152591 tonnes at a head grade of 20 gt Au for 7985 ounces produced a 7 increase over the previous year 2016 7485 ounces Revenue of 961 million a 14 increase over the pre vious year 2016 840 million Ounces sold 57770 at an average sales price of 1643 oz 2016 48680 ounces at an average price of 1676 oz Cash costs of 1097oz or US845oz a 10 decrease over the previous year 2016 1218oz or US919oz Allin sustaining costs AISC of 1489oz or US1146oz a 12 decrea se over the previous year 2016 1681oz or US1268oz Earned mine proft of 315 million a 41 increase over the previous year 2016 223 million Net income of 13 million or 001 per share 2016 78 million or 006 per share Net income adjusted before a onetime deferred mining tax adjustment of 39 million and a nonrecurring 22 million restructur ing cost was 68 million or 005 per share Cash position of 221 million Middlemiss commented our 2017 results exhibit sever al operational and fnancial improvements at W esdome W e slightly exceeded the upper end of our production guidance mined signifcantly higher head grades im proved profts and met the midpoint for our cash cost and allin sustaining cost guidance Looking ahead we expect this trend to continue with 2018 costs to decrease a further 10 and gold produc tion to increas e by approximately 10 to 62000 68000 ounces as per our guidance In 2018 at the Eagle River Complex we are commit ting all exploration eforts to the Eagle River Under ground Mine where reserves currently stand at 416000 ounces at 122 grams per tonne A main goal of this program is to identify additional mineralization along the eastern extension of the 300 and 7 zone parallel structures located to the north and parallel to the main 8 zone to create additional work places and thereby realize our objective of providing ad ditional high grade ore to the mill W e are beginni ng a higher grade mining cycle at this op eration that should continue for the foreseeable future The plan at Kiena this year is to complete 50000 metres of under ground drilling in order to be in a position to generate a potential resource calculation on the Kiena Deep discovery This will determine timing and next steps at this asset Page 42 drills fully manned thereby giving encouragement to the addition of under ground workplaces which could fll the mill Looking ahead into Q2 and beyond our second stope de velopment of the high grade 303 lens above the 844 me tre leve l is commencing putting this high grade area into production for the second half of 2018 Additionally the exploration program at Eagle will add a surface drill to fol low up on some prospective parallel zone tar gets W e are continuing our compilation of the 2017 exploration drilling data at Mishi and expect to provide an update on this asset later in the year The company s 2018 production guidance stands at 62000 68000 ounces of gold Results for the full year 2017 included Gold production of 58980 ounces from the Eagle River Complex a 24 increase over the previous year 2016 47737 ounces Eagle River Under ground 157250 tonnes at a head grade of 106 grams per tonne gt Au for 50996 ounces pro duced a 27 increase over the previous year 2016 40252 ounces