Page 18 B y K e vin V inc ent 2019 w as supposed t o end with an other set of o wnership fnger pr in ts on the st or ied Lake Shor e and B ell C r eek mining pr ojec ts in T immins T he gold assets o wned b y P an A mer ican Silv er w er e up f or sale A f t er deeper r efec tion the V an c ouv er based c or por a tion which bills itself as the W or ld s P r emier Sil v er M ining C ompan y had sec ond though ts about unloading its gold pr oper ties in the hist or ic T immins mining camp I n ear ly D ec ember C oun tr y M an ager Da vid B er nier t old the T immins Chamber of C ommer c e tha t P an A mer ican has high e xpec ta tions in 2020 f or its T immins oper a tions par ticular ly the B ell C r eek pr oper t y W e r e ac tually going t o la y of T im mins W est a little bit T immins W est has been a mine tha t s been under immense pr essur e t o pr oduc e dur ing B ell C r eek s g r o wth so with tha t it s a bit str ained so w e r e going t o dial do wn T immins W est a bit and then ac tually r amp up B ell C r eek ne x t y ear B er nier t old r epor t ers a t the D ec ember 4th ev en t B er nier said the c ompan y an tici pa t es a 20 incr ease in pr oduc tion in 2020 C ombined B ell C r eek and Lake Shor e ar e e xpec t ed t o pr oduc e in t o a t least 2025 T he c ompan y also c elebr a t ed the opening of a 1000 metr e shaf t a t B ell C r eek about a y ear ago T he 100 million in v est men t is pa ying of as e xpec t ed I n 2018 the c ompan y w as hoping t o pr oduc e 62000 ounc es inst ead they pr oduc ed 70000 T he c ompan y is still truck ing 3000 t onnes per da y thr ough the C it y of T immins fr om Lake Shor e t o the B ell C r eek mill and r efner y c om ple x T ha t hauling e xpense is e xpec t ed t o incr ease in 2020 when the C it y be g ins a massiv e r ec onstruc tion of A l gonquin B oulev ar d in the C it y s c or e T he long o v er due multimillion dollar c onstruc tion pr ojec t will f or c e c om panies like P an A mer ican t o det our ar ound the c onstruc tion B er nier t old the Chamber of C ommer c e cr o w d tha t those det ours ma y be c ostly I n fac t he said the c ompan y s initial es tima t e is tha t c osts c ould incr ease b y 150 t o 200 per t onne I t t ook the c ompan y about nine mon ths t o pr oper ly assess wha t it w an t ed t o do with the T immins op er a tions T he positiv e cash fo w r esults and a health y gold pr ic e c er tainly helped B er nier t old Chamber members tha t P an A mer ican boar d members ha v e g iv en str ong suppor t f or both Lake Shor e and B ell C r eek T he c ompan y closed its T or on t o ofc es S enior managers of the T immins oper a tions liv e and w or k in the cit y B er nier sa y s the T immins division is no w a 45 billion asset f or P an A mer ican L ak e S hor eB ell C r eek G old pr ojec ts T he gold miner aliza tion a t B ell C r eek mine is mined using under g r ound longhole mining methods A t the T immins W est mine pr imar y min ing methods include long itudinal and tr ansv erse longhole mining Or e fr om both mines is pr oc essed a t the B ell C r eek mill via single stage crushing and single stage g r inding with a por tion of the gold r ec o v er ed b y g r a vit y methods f ollo w ed b y pr e o xida tion and c y anida tion with car boninleach and car boninpulp re c o ve r y T he c ompan y s la t est r eser v e fgur es suggest pr o v en and pr obable r e ser v es ar e close t o 10 million t onnes a t just o v er 3g mt onne of gold T he positiv e outlook f or the T im mins oper a tion means the c ompa n y is planning t o hir e mor e people thr oughout 2020 I n his addr ess t o the Chamber B er nier said the c om pan y emplo y s about 650 person nel and tha t number is e xpec t ed t o jump in the c oming mon ths T he major it y of emplo y ees ar e fr om the T immins ar ea ho w ev er due t o local labour shor tages they cur r en t ly ha v e w or kers who c ommut e fr om both Sudbur y and Nor th Ba y in On tar io and V al D or fr om nor th w est er n Q uebec W hile B er nier w as unable t o shed additional ligh t on the c ompan y s plans f or other e xplor a tion tar gets in the ar ea in and ar ound the T im mins W est and B ell C r eek oper a tions he said he is hopeful tha t the str ong suppor t a t the boar d lev el will c on tinue Under pr evious o wnership Lake Shor e ac quir ed the B ell C r eek oper a tion t o bec ome a single unit T he bulk of P an A mer ican silv er op er a tions ar e in M e xic o C en tr al and S outh A mer ica T urning silv er in t o gold A lo ok back and a lo ok ahead P an A mer ic an Silv er I n d u s t r y L e a d e r s i n C u s t o m W e d g e W i r e F a b r i c a t o n a n d E n g i n e e r i n g R ep r esen t e d b y S p ec ial izin g in CIL CIP G o l d L ea c hin g S c r ee ns Int ers t a ge S c r ee ns S hak er S c r ee ns 12 E xt en ded S c r ee n l if e c y c l e d u e t o t ght e s t s c reen s l o t t o l eran c e s in t he indu s t r y S p ec if c a ton s M ade f r om 304 or 316 S S G r ea t abrasion an d c o r r o s io n r esis t a nc e Cu s t o m designed t o s p ec if c r equ ir em ent s N o ai r ne ede d f or sc r e en s u rf ac e c l e an ing M a nu f ac t u red in Ca na da R e p l a c e m e n t S t r a i n e r B a s k e t s I n t e r s t a g e S c r e e n F a b r i c a t o n L a r g e D i a m e t e r O n e P i e c e C o n s t r u c t o n O ur Of c e w w w f eder al s c r ee n c o m 7524 B a t h R d M issis sa u ga O N C ana d a L 4T 1L 2 I n a p p r e c i a t o n o f O n t a r i o M i n i n g R e s c u e C o n g r a t u l a t o n s o n y o u r 9 0 t h A n n i v e r s a r y 23 3 R a d isso n A ve C h el m sf or d O N P 0M 1 L 0 O 70 5 4 19 24 04 E S a l e s T r i ot e kc a W w w w T ri ot e kc a Page 19 P an A mer ic an Silv er I n d u s t r y L e a d e r s i n C u s t o m W e d g e W i r e F a b r i c a t o n a n d E n g i n e e r i n g R ep r esen t e d b y S p ec ial izin g in CIL CIP G o l d L ea c hin g S c r ee ns Int ers t a ge S c r ee ns S hak er S c r ee ns 12 E xt en ded S c r ee n l if e c y c l e d u e t o t ght e s t s c reen s l o t t o l eran c e s in t he indu s t r y S p ec if c a ton s M ade f r om 304 or 316 S S G r ea t abrasion an d c o r r o s io n r esis t a nc e Cu s t o m designed t o s p ec if c r equ ir em ent s N o ai r ne ede d f or sc r e en s u rf ac e c l e an ing M a nu f ac t u red in Ca na da R e p l a c e m e n t S t r a i n e r B a s k e t s I n t e r s t a g e S c r e e n F a b r i c a t o n L a r g e D i a m e t e r O n e P i e c e C o n s t r u c t o n O ur Of c e w w w f eder al s c r ee n c o m 7524 B a t h R d M issis sa u ga O N C ana d a L 4T 1L 2 I n a p p r e c i a t o n o f O n t a r i o M i n i n g R e s c u e C o n g r a t u l a t o n s o n y o u r 9 0 t h A n n i v e r s a r y 23 3 R a d isso n A ve C h el m sf or d O N P 0M 1 L 0 O 70 5 4 19 24 04 E S a l e s T r i ot e kc a W w w w T ri ot e kc a P r oud t o be par t of C en tr al C anada s M ining I ndustr y