Page 58 from a number of deposits whose grade ranged up to 080 ounces per ton The Greenstone Gold Property is blessed with ideal infrastructure that includes the T ransCanada Highway Canada s national highway and the T ransCanada natural gas pipeline ex tending along its length Premier has developed strong relationships with all communitie s in the region several of which provide important manpow er and services to the property It is Premier s intention to work with these communities to ensure all po tential future gold mining opportuni ties are evaluat ed in a transparent and inclusive manner T oday the Greenstone Gold Property is host to multiple gold deposits second quarter with productio n in Q1 having already exceeded guidance for the year Future production opportunities are being advanced with the development of two addition al deposits planned in 2018 The Phase 1 open pit is sched uled to begin construction in Q2 and the El Nino under ground mine in the second half of the year Additionally in an efort to advance a potential Phase 3 open pit oppor tunity drilling to expand mineraliza tion and continued metallur gical and geotechnical characterization will be completed W ork at the Mercedes Mine in Mex ico continues to focus on developing new deposits to increase fexibility productivity and reduce costs Modi fcations to the mine plan at Diluvio during the frst half of 2018 to ac count for unexpected changes in the orebody geometry include multiple sublevels and more vertical stope de velopment As a result the annual gold produc tion guidance for Mercedes will be weighted towards the second half of the year The development of an access drift is underway from the Lagunas Mine workings to the higher grade Mari anas deposit along strike Defnition drilling at Marianas is expected to begin in the second half of the year to upgrade resources and move them into the mine plan Exploration and resource defnition drilling continu es to be a priority with surface and under ground programs underway Additional contrac t mining services are being evaluated in order to expedite the mine development Gold production from South Arturo during the quarter has alre ady ex ceeded annual guidance as a result of a decision by Barrick in January to accelerate the processing of the Phase 2 ore stockpile Contd from pg 54 2017 Full Y ear Highlights Production of 139658 ounces of gold and 357901 ounces of silver Gold sales of 155727 ounces at an average realized price of 1631 US1254 per ounce Coproduct cash costs of US524 per ounce of gold and US9 per ounce of silver sold Coproduct AISC of US627 per ounce of gold and US1 1 per ounce of silver sold Revenue of 2608 mil lion US2009 million Operating income of 838 million US645 million Net income of 232 mil lion US179 million or 01 1share US09 share Cash balance of 1293 million US1031 mil lion Cash fow from operating activities of 772 mil lion US595 million or 037share US29 share and Free cash fow of 496 million US382 million or 024share US018 share after an investment of 341 million US263 million in exploration and predevelopment programs and 276 million US220 million in capital expenditures Arturo Mine is in Nevada and is a joint venture operated by Barrick Gold Corporati on It has delivered ex ceptional results since achieving com mercial production Processing of ore stockpiled from the Phase 2 open pit will continue in the