Page 70 Henninger s Diesel is a north ern success story Since 1970 the familyowned company has been a trusted name in the diesel engine mining business for Northern On tario Quebec Latin South Amer ica and Mexico Whether it is a re built or new engine under ground engine servicing or quality OEM parts Henninger s products and services are known for the highest quality and their people are known for their expertise and integrity T oday a new chapter begins for this mining mainstay Hen ninger s Diesel is joining another familyowned institution as the Mississauga Bus Gr oup of Com panies enters the industrial die Northern Ontario s diesel engine experts expand for the futur e sel engine market with a bang A new beginning and a new vi sion with the intr oduction of new pr oducts and services to pr ovide a mor e expansive ofering to the OfHighway diesel engine world Heading up the new Henninger s is Scott Boumeester Previously of W ajax Power Systems Mr Bou meester knows the Northern On tario mining industry the clients and their needs having dealt with the major OEMs mines equip ment rebuilders and mining in dustry players in the region The market is asking for capac ity and a diverse product ofering delivered with the clientcentric values that Henninger s Diesel and the Mississauga Bus Group share said Boumeester W e are going to work together with existing and new clients to develop valueadd solutions to their issues that are not being addressed by the market today T oday Henninger s is known for Deutz T oyota and Kubota servic ing the mining business T omorrow you will see Henninger s service all of OfHighway from rental to forestry to power generation Our strength is our dedicated staf who care about and understand our cus tomer s business W e work at the speed of our customers not the other way ar ound V isit the new Henninger Power Pr oducts at Outdoor Booth 29 Page 68 by Alam os acquired all of the issued and outstanding shares of Richmont Mines Inc Richmont produced gold from the Island Gold Mine in Ontario and was also advancing development of the signifcant highgrade resource extension to the east and at depth W ith more than 35 years of experi ence in gold production exploration and development and prudent fnan cial management the corporation had successfully positioned the Island Gold Mine to costefectively build its Canadian reserve base and to enter its next phase of growth Under the terms of the transaction all Richmont issued and outstanding common shares were exchanged on the basis of 1385 Alamos common shares for each Richmont common share Upon closing Alamos had approxi mately 389059503 Class A Shares outstanding with Alamos and Rich mont shareholders owning approxi mately 77 and 23 of the pro forma company respectively W ith the completion of the acquisi tion we have greatly strengthened our asset base cash fow genera tion and proftability Combined with our peer leading growth profle and debtfree balance sheet we have solidifed our positioning as a leading intermediate gold producer and are well positioned to deliver long term shareholder val ue said McCluskey Y oungDavidson is expected to pro duce between 200000 and 210000 ounces in 2018 at minesi te allin sustaining costs of 850 per ounce Capital spending at Y oungDavidson in 2018 is expected to be between 70 and 80 million including 35 to 40 million of sustaining capital Capital spending will be focused on ongoing development and lower mine infra structure The tie in of the upper and lower mines is expected to be completed in the fourth quarter of 2019 which will temporarily limit under ground throughput Following completion of the tie in under ground mining rates are expected to increase above 7500 tpd supporting higher production rates and free cash fow in 2020 and beyond Island Gold is expected to produce 90000 to 100000 ounces in 2018 at minesite allin sustaining costs of 825 per ounce both consistent with the Phase I expansion preliminary economic assessment PEA released in 2017 Contd from pg 66