RE: RE: RE: RE: some key points Is this wgr you are talking about ???
On June 13, 2012, the Company announced that it was revising the timing for completion of the
ongoing mill expansion to adopt a more staged approach to increasing milling capacity. As a
result of the change, the mill is expected to be expanded to a capacity of 2,500 tonnes per day by
late 2012 and to then achieve a capacity of 3,000 tonnes per day in 2013. The Company also
announced that the total cost to complete the expansion was expected to be 10% to 25% higher
than the $61 million included in the Timmins West Mine Preliminary Economic Assessment
(“PEA”). Spending in 2012 is estimated at $56 million, with the remainder of expenditures to be
incurred in 2013.