The Eagle River Underground Mine is located 50 kilometres west of Wawa, Ontario, and has been producing gold for over 25 years. The Company is actively exploring the property including the recently discovered Falcon Zones, with the objective to increase production from 650 tonnes per day to 850 tonnes per day.

Located on prospective Mishibishu Greenstone Belt

High grade 303 Lens continues to have positive operational impact

Aggressive underground and surface exploration programs planned

90,278 ounces of gold 2020 production

29 M 2020 Free Cash Flow despite COVID impacts

Exploration drilling at Falcon Zone confirms down plunge extension to the 7 Zone

Eagle River Overview
Mining Method Underground longhole
Processing Conventional Merrill-Crowe
Mill Nameplate Capacity 850 tpd capacity (1,200 tpd permitted)
Infrastructure Access roads (HWY and gravel), grid power
2021 Guidance 92-105,000oz at US$980-1,090/oz AISC
2P Reserves 581,000 @ 13.4 g/t
M&I Resources 102,000oz | 9.2g/t
Inferred Resources 205,000oz | 12.5g/t
Guidance
Gold Production (ounces) Eagle River 90,000-102,000
Mishi 2,000 - 3,000
Total 92,000 - 105,000
Head Grade (g/t) Eagle River 13.0 - 15.0
Mishi 2.0 - 2.5
Operating Cost Per Ounce 1 C$900 - C$1000
US$680-US$770
All-In Sustaining Cost Per Ounce 1 $1,300 - $1,450
US$980 - US$1,090

Exploration Potential

Two geological maps, displaying parallel drill zones and drill results. Call out text reads; “Wesdome has only begun drilling at surface for Parallel Zones. Left map titled Brownfields exploration. Right map titled Greenfields exploration.
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