48 www lakeheadironworkscom LAKEHEAD IRONWORKS INC Masters of Heavy Metal Other services include Pr eEngineer ed Buildings ShotBlasting Structural Steel Miscellaneous Metals Conveyor Systems Bucket Repairs Rebuilding Lip Heel Rebuilding Line Boring Bor e W elding Dump Box Repairs Rebuilding Bucket Manufacturing CWB Certif ed Sandvik GET Distributor Quality Ser vice at Competitive Rates By Gregory Reynolds Richmont Mines Inc plans total 2015 with 483 million focused on op eration and development of its Island Gold Mine Richmont reported on Jan 15 its 2014 gold production of 95208 ounces a 45 increase over the 2013 level Full details regarding 2014 produc tion and guidance for 2015 were pro vided as well as transformational development plans for the corpora tion s 11 million gold ounce global higher grade resource at Island Gold in Northeastern Ontario 2015 will be a transformational year for Richmont stated Renaud Adams Our 2015 budget represents a sig land Gold with the view of creating a longer life multimillion gold ounce higher production and superior free This will provide a solid foundation for Richmont to deliver potentially industryleading highquality growth from a miningfriendly and safe juris diction for many years to come W e are very proud of the production results that our operations team deliv ered in 2014 continued Adams W e generated the second highest level of gold sales in the corporation s 20 year history as well as strong op challenging gold price environment These achievements speak to the ded ication and experience of our man agement team and employees Looking ahead to 2015 Richmont will embark on important gamechanging development milestones that will en our cornerstone Island Gold T w o priorities are driving our Island Gold accelerated 2015 plans namely to expedite access to the deeper high quality resource base and to increase our reserve and resource base These two priorities will extend the mine life accelerate potential pro duction expansion and increased free in the corporation s history he said It is important to note that we will be laying the groundwork for Island Gold s future in 2015 and this will involve extensive development and drilling and therefore a sizeable in vestment this year Once completed however we expect to have numerous years of established mine life at lower costs ahead of us and we will be very wellpositioned for growth added Adams Highlights of its report include Fourth quarter 2014 gold production of 23854 ounces resulted in 2014 an nual gold production of 95208 ounc es 45 higher than 2013 and over 5 above the corporation s increased guided range Fourth quarter 2014 gold sales of annual gold sales of 94503 ounces tion s history and a 49 increase over 2013 proximately 35 million as at Dec Contd on pg 47 plans 483 million expansion of