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The information in this document has been prepared as at February 16, 2011. Certain statements contained in this document constitute ?forward-looking statements? within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward looking information under the provisions of Canadian provincial securities laws. When used in this document, the words ?anticipate?, ?expect?, ?estimate?, ?forecast?, ?will?, ?planned?, and similar expressions are intended to identify forward-looking statements or information. Such statements include without limitation: statements regarding timing and amounts of capital expenditures and other assumptions; estimates of future reserves, resources, mineral production, optimization efforts and sales; estimates of mine life; estimates of future internal rates of return, mining costs, cash costs, minesite costs and other expenses; estimates of future capital expenditures and other cash needs, and expectations as to the funding thereof; statements and information as to the projected development of certain ore deposits, including estimates of exploration, development and production and other capital costs, and estimates of the timing of such exploration, development and production or decisions with respect to such exploration, development and production; estimates of reserves and resources, and statements and information regarding anticipated future exploration; the anticipated timing of events with respect to the Company's minesites and statements and information regarding the sufficiency of the Company's cash resources. Such statements and information reflect the Company's views as at the date of this document and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements and information. Many factors, known and unknown could cause the actual results to be materially different from those expressed or implied by such forward looking statements and information. Such risks include, but are not limited to: the volatility of prices of gold and other metals; uncertainty of mineral reserves, mineral resources, mineral grades and mineral recovery estimates; uncertainty of future production, capital expenditures, and other costs; currency fluctuations; financing of additional capital requirements; cost of exploration and development programs; mining risks; community protests; risks associated with foreign operations; governmental and environmental regulation; the volatility of the Company's stock price; and risks associated with the Company's byproduct metal derivative strategies. For a more detailed discussion of such risks and other factors that may affect the Company?s ability to achieve the expectations set forth in the forwardlooking statements contained in this document, see the Company's Annual Report on Form 20-F for the year ended December 31, 2009, as well as the Company's other filings with the Canadian Securities Administrators and the U.S. Securities and Exchange Commission. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information. Marc Legault, a Qualified Person and the Company?s Vice-President, Project Development, reviewed the technical information disclosed herein. For a detailed breakdown of the Company?s reserve and resource position see the February 16, 2011 press release on the Company?s website. That press release also lists the Qualified Persons for each project.

May 1, 2011

By J. Kretschmann, N. Nguyen

"The Vietnamese economic growth of more than 5% per year leads this country to an enormous demand for raw materials. In the duration of ongoing expansion, the big challenge in the coming decades will be to make this process as sustainable as possible when it comes to economic, environmental and social objectives. Risk management especially in occupational safety and health (OSH) in enterprises is one of the most important tools to achieve this aim. But until now, this has not been taken into priority by Vietnamese coal mining enterprises. Main reasons for this situation can be found in deficient legislative conditions and in non-synchronized risk management systems. In contrast, Germany has implemented an adequate legal system and the German mining industry has gained lots of experiences in risk management, especially in occupational safety and health. This paper seeks to point out specific challenges how to improve occupational safety and health in Vietnam by transferring and applying German methods and standards."

Jan 1, 2011

By C. W. Owings

A few of the more progressive mining companies have taken precautions to safeguard employees or man-trips. Specially constructed men-cars -have been provided with special devices or mechanisms to stop the cars on slopes, if the hoisting cable should break. Cars have been equipped with safety chains to connect and hold them together if a coupling should break. Steel frames covered with heavy wire netting have been placed over cars to reduce injuries to the riders from roof fails on slopes. A safety cable passing from the front car to a point above the cable socket on the slope hoisting cable is used frequently as a precaution in case the socket loosens o the main cable breaks at the socket. Such devices are commendable, but the percentage of man-cars and man-trips protected is relatively small - entirely too small. Man-trips that travel level haulage roads are rarely protected safety devices, and haulage roads are seldom inspected by mine officials to determine the condition of roof and ribs.

Jan 1, 1935

By D. P. R. Smyth

The limestone reef reservoir at Swan Hills consists essentially of a "buildup" of successively smaller atoll-like layers. Precipitation of calcium carbonate within the lagoonal area of each layer essentially kept pace with growth of the outer organic lattice. Within the reef mass, six de-positional environments characterized by specific suites of fossils (or fossil fragments) and associated limestone textures are recognized as follows: ( 1) Aerated moderately agitated water of normal marine salinity (widespread shelf or submerged reef-built platform). Thamnopora-type corals, Amphipora, "pancake" stroma-toporoids, crinoids, articulate bra-chiopods, rare rugose cup corals, and ostracods occurs in light gray-buff skeletal microgranular limestone of low permeability. (2) Semi-stagnant quiet water of normal marine salinity (leeward side of reef). Crinoids, articulate brachio-pods, rare thamnopora-type corals, Amphipora, pancake and bulbous stromatoporoids, rugose cup corals, ostracods and gastropods occur in impermeable dark brown argillaceous skeletal calcilutite with thin black bituminous shale beds and rare dark chert nodules.

Jan 1, 1961

By A. H. G. Mitchell

Most, if not all, of the six recognised post-Cretaceous, predominantly andesitic mineralised belts in the region are now thought to be subduction-related magmatic arcs. The Inner Carpathian arc and the Eastern Bosnia or Drina-Rhodope arc host numerous vein and replacement deposits with epithermal features and Zn-Pb+/-Ag as the predominant economic minerals. In contrast, the south Apuseni Mountains have produced over 1 600 t Au from epithermal veins but very little Zn-Pb. Recent age determinations and geophysical data from the Baia Mare district of the Inner Carpathians suggest that mineralisation succeeded volcanism by 1-2 m.y. and accompanied crustal extension and the cooling of a large, mushroom-shaped pluton whose boundaries define the mineral district. In the south Apuseni district, mineralisation can be explained by mixing of meteoric with low-salinity metamorphic water expelled during intrusion of mafic rocks into the middle or lower crust. The more continental or cratonic crust in the Drina-Rhodope and Inner Carpathian arcs precluded the input of low-salinity, Au-bearing metamorphic water; the Zn-Pb deposits formed where convecting meteoric water mixed with saline water, possibly introduced through carbonate rocks in the basement

Aug 1, 1996

By P. Dennis, T. Pieters, A. De Kievit, S. Ganguly

TEMCO has been producing manganese ferroalloys in submerged arc electric furnaces for over 40 years. The furnace linings all along have been of conventional insulation type until 2001 when a freeze lining of UCAR concept was installed for a 20 MW Furnace. Continuous improvement of furnace lining performance has been a key component in improving the business competitiveness of TEMCO. The expected minimum campaign life of the freeze lining is fifteen years as compared to the ten years of the conventional linings. The success of the freeze lining is very critical to the quanta and direction of heat flow through the lining that control the freeze protection. Under freeze protection can lead to reduced lining life and over freeze protection, on the other hand, can lead to operating difficulties and loss of smelting efficiency. It was, therefore, necessary to develop a computer based system to monitor and control the freeze protection. The computer based monitoring and control system uses the basic principles of heat transfer, activeX object and heat flux from dual thermocouples and that is reviewed.

Jan 1, 2004

By Carin Laubscher, Francis W. Petersen, Jaap P. Smit

"Waste streams, such as acid mine drainage, are often characterised by low pH values and high concentrations of heavy metals, dissolved solids, calcium and sulphates. Although lime remediation effectively removes most of the heavy metals as hydroxides, it is less effective at lowering levels of sulphates. Various methods of removing sulphates from effluents exist, such as precipitation with lime, precipitation with barium salts, co-precipitation with calcium carbonate, reverse osmosis, and ion exchange. Mintek developed a chemical precipitation (SAVMIN) process to treat acid mine drainage, which entails the addition of lime to precipitate the metal hydroxides, and the subsequent formation (precipitation) of calcium sulphoaluminate or ettringite. The key to the viability of the new technology lies in the correct use, regeneration and recycling of Al(OH)3 used to precipitate the ettringite. The water produced by this process is suitable for disposal to watercourses or for agricultural, domestic or industrial consumption. No brines are produced as the salts are converted to solid hydroxides, gypsum and calcium carbonate.The SAVMIN process has been tested successfully during several laboratory scale operations, and during two pilot plant operations at Stilfontein Goldmine for Anglogold and Navigation Plant, Witbank for Anglocoal. During the pilot plant campaign at Navigation Plant, metal and mineral precipitation was achieved with lime addition. The sulphate concentration in the water was reduced from 2136 mg/L to an average value of 102 mg/L and the calcium concentration was reduced from 727 mg/L to an average value of 70mg/L.The SAVMIN process generates a number of different waste streams including metal hydroxide sludge from neutralisation, gypsum sludge from the gypsum crystallisation steps, and calcite sludge from carbonation. The metal hydroxide sludge is composed of Mg, Ca, Mn and Fe hydroxide, and could be disposed of on a slimes dam. Gypsum sludge was greater than 99% CaSO4.2H2O. This gypsum could be used for dump or road capping, underground backfilling, production of wallboard and cement. The calcite sludge is pure CaCO3, which is recycled back to the neutralisation stage."

Jan 1, 2003

By L. Burdukova

In flotation, depressants are used to reduce the amount of gangue that reports to the concentrate and hence increase the selectivity of the flotation process. At the University of Cape Town extensive batch flotation tests are carried out to evaluate industrial depressants and standard procedures have been developed over the years. This study was conducted in order to develop an improved method for comparing depressants using machine vision as an aid. The modified method of batch flotation involved a test with prolonged intervals between scraping to allow more time for the froth to build up and mature.

Jan 1, 2003

By Mark K. Larson

Researchers at the National Institute for Occupational Safety and Health?s (NIOSH) Spokane Research Laboratory are developing a borehole profilometer to dynamically measure the roughness pro-file of boreholes used to install roof bolts fully encapsulated with resin. Numerical measures of roughness were calculated from profiles of borehole surface roughness to determine potential roof bolt anchorage capacity. The concept of dynamically profiling was proven through the following series of laboratory tests: a sensitiv-ity test using various grits of sandpaper, a known-profile test along a section of a concrete hole, and a simulated borehole test in a pipe with machined grooves. Two profilometer prototypes were devel-oped that measure slight changes in the radius of a borehole using either strain-gauged, spring-steel arms or rigid, steel arms attached to a spring-loaded cone and a linear potentiometer. Both instruments performed reasonably well in the laboratory and were subsequently tested in boreholes drilled in two concrete blocks using different drilling techniques to obtain three different borehole surface roughnesses. A Z2 roughness parameter was calculated with data from the first profilometer, and an average radial increment was calculated from the test results of the second profilometer. Although both instruments were able to readily distinguish the difference between smooth and rough boreholes, the correlation coefficient (r2) for a linear relationship between Z2 and average radial increment was 0.577. Pull tests were conducted with resin bolts installed in the concrete blocks, but maximum pull-out strength could not be correlated to borehole roughness because in each of these tests, failure occurred at the resin-bolt interface. A more sophisticated prototype has been designed to measure surface roughness and also accurately determine the location and tilt of the instrument in the borehole. However, this instrument has not yet been fabricated or tested.

Jan 1, 2007

By A. A. Toprac

The recurring problem of joint failures in ofjshore structures, coupled with the catastrophic collapse of many of these structures during Hurricane Hilda (1964), hay forced reconsideration of techniques presently used to design sfuctural joints. This paper presents results of studies conducted for this reconsiderat?on. Only right-angled T-joint,s and cross-joints where a brace was welded directly to the undisturbed surface of another tube (the chord) were considered. Tests were performed on seven T-joint and 12 oross-joint specimens of two types which were designed to give a broad but practicd range to the geometrical parameters believed to be of significance to the problem. These paramefers were expressed in dimensionless form. Each specimen of the T-joints was instrumented wirh both electrical resistance strain gauges and deflection dials. After the elastic tests were concluded, each specimen was loaded to failure by applying an axial tensile load to the brace. The cross-joints were tested to failure without measuring elastic strains. Theoretical solutions for the stresses in a cylindrical shell due to a distributed radial load over portions of its surface were numerically evaluated. The experimental results are compared with calculated values obtained using Bijlaard's and Dundrova's theoretical analyses. INTRODUCTION During the last IS years a large number of structures were built for the offshore exploration of oil both in the Gulf of Mexico and dong the Pacific Coast.' In all these offshore platforms, the tubular shape was extensively used since this shape provides outstanding strength in proportion to its weight, compared to other shapes, when all directions (x, y, z) are considered. Past use of tubes was hampered because of connection details. But with the advent of welding, it became no more difficult to connect tubular shapes than to connect rolled shapes. However, some problems have been encountered in actual construction in making welded joints that are adequate and yet economical. In trying to connect tubular members, designers have used a varied number of methods; consequently, some of the joints seem to be very expensive in detail while others appear weak and underdesigned. An inspection of offshore platforms owned by different companies indicates the use of a large number of joint arrangements and configurations. Such a variety of joint types in current service indicates the wide divergence of opinion that exists on how such joints should be designed, stiffened and strengthened. Fig. 1 shows the various types of connections that have been used in practice. This paper reviews the present state of art on tubular joints of the T and cross type, and presents results of experimental and analytical work being conducted at The U. of Texas and elsewhere. It is believed that such information will be of great help to designers for the formulation of proper design procedures for joints. CONNECTION PROBLEM Recently, cracks have been observed in several welded connections in offshore structures. Fortunately, until about 1 1/2 years ago, these failures have been localized and have not resulted in the collapse of structures or loss of life. For example, one platform installed in Louisiana during 1955 in about 60 ft of water had been subjected to four tropical hurricanes. This platform successfully withstood these forces and was later removed because operations at this location had been completed. Many joint failures were observed during the removal.

By Harry C. Verakis

A conveyor belt fire presents a serious safety hazard in an underground coal mine. A review of underground coal mine fires involving conveyor belts which occurred within the past two decades was made by the Mine Safety and Health Administration (MSHA). Belt fires that occurred during this period of time have burned as much as 610 m of belting before the fire was extinguished. In an effort to improve safety, MSHA has undertaken a program to study the flammability of conveyor belts in large and small-scale tests. Large-scale tests were conducted on various types of mine conveyor belts using a range of airflows from 0 to 6.1 m/s. Data were obtained to evaluate the effect of airflow on flame spread and other combustion properties of the conveyor belts. The results from the large-scale tests were utilized to develop a new MSHA laboratory-scale test for evaluating the flame resistance of conveyor belts used in underground coal mines. Agreement of results based on a pass/fail criterion was obtained between the large-scale test and new laboratory-scale test. A summary of test results from the new test is shown for different conveyor belt formulations. MSHA also performed a series of fire tests with wood samples using the new laboratory-scale tunnel apparatus. These tests were conducted at airflows from 0.5 to 5.1 m/s to determine the effect on flame spread and burn damage. The data were also analyzed to determine if wood could be used as a calibration standard. The results indicate the flame spread behavior of the wood follows trends similar to results obtained with conveyor belts. The data did not show the precision needed to use wood as a calibration standard. MSHA intends through rulemaking procedures to replace the "20g" conveyor belt acceptance test with the new laboratory-scale test. MSHA also plans to implement a voluntary acceptance program. Under this program, a. conveyor belt manufacturer could obtain an MSHA acceptance for belts meeting the new test criterion. A belt accepted under the voluntary program could then be used underground. Use of conveyor belts meeting the new test would limit the propagation of fire and reduce the probability of igniting other combustibles in the belt entry.

Jan 1, 1991

By S. K. Kawatra, S. J. Ripke, T. C. Eisele

"An estimated 600,000 tons of bentonite clay are used annually in the U. S. as binder for production of iron ore concentrate pellets. Since this is a significant cost item for the plants, and the addition of bentonite to the pellets contributes undesirable silica into the finished pellets, there is considerable incentive for finding methods to reduce bentonite use. One way to reduce bentonite levels is to selectively use those bentonites that are most effective in this application, so that a lower dosage will still produce a sufficiently strong pellet. Unfortunately, there are no satisfactory methods available for accurately predicting which bentonites are actually most effective, short of using them to actually make pellets. One of the popular methods for attempting to evaluate bentonites is the “Plate Water Absorption” (PWA) test. While some plant operators accept the PWA results as indicating the relative quality of bentonites, others disagree and claim that, over a fairly broad range of values, PWA does not correlate with bentonite performance.Since both Ca+2 and Mg+2 ions are known to reduce the swelling and water absorption capacity of bentonite, it was believed that the presence of these ions in plant recycle water could be changing the bentonite performance. Since the standard PWA test uses only distilled water for its measurements, it could not detect these effects. Experiments were therefore carried out on a number of different bentonites using a modified PWA tests, with plant recycle water replacing the distilled water. These experiments showed little effect of the plant water on the PWA value, and chemical analysis of the water showed that the levels of dissolved salts were quite low.Water and accompanying salts were then extracted from a magnetite concentrate filter cake by rinsing with distilled water. Analysis of this water showed an extremely high level of dissolved salts, particularly salts of calcium and magnesium. When concentrations were compared with the recycle water from the plant filters, it was determined that levels of Ca+2 and Mg+2 retained in the filter cake were over 500 times higher than levels in the recycle water. This extreme elevation of soluble salts in the filter cake is believed to be due to adsorption of these ions into the electrical double layer of the magnetite particles."

Jan 1, 2003

By T. Frömmer, H. Wagner

An inter-disciplinary geotechnical study has been carried out in an Austrian magnesite mine. The paper describes the how geological data, in situ and laboratory tests as well as subjective, empirical, geophysical and numerical methods have been used to identify critical areas in the mine. In einem österreichischen Magnesit Bergbau wurde in den letzten Jahren eine interdisziplinäre geotechnische Studie durchgeführt. Der Vortrag beschreibt den Einsatz subjektiver, empirischer, geophysikalischer und numerischer Methoden zur Identifikation geotechnischer Problembereiche Ces dernières années des études géotechniques interdisciplinaires sont effectuées dans une mine souterraine de magnésite en Autriche. Ce rapport trace l’application des méthodes subjectives, empiriques, géophysiques et numériques pour identifier les zones problématiques dans la mine

Jan 1, 2003

In September 2003, a test was conducted to see if a115-mm- (4.5-in.-) diam Mocap Vari-Stem blasthole plug could improve the pattern of explosives using different top stemming material. The test took place at the J.S. Faulkroad and Sonsstone quarry in McCalisterville, PA. The test consisted of a production stone blast. Half of the holes were stemmed with standard crushed stone. Two-thirds of the remaining half were stemmed with Vari-Stem plugs and crushed stone. And the remaining one-third of the second 50 percent was stemmed with Vari-Stem plugs and only drill cuttings.

Jan 1, 2004

By Chu E. Ho

Key variables that govern the jet cutting process are examined based on fundamental theories of jet hydrodynamics and soil mechanics. Under normal conditions of jet grouting operations, lift speed and rotation speed are found to be of less importance than the depth of jetting, nozzle pressure, nozzle diameter, and the soil bearing resistance, with regards to their influence on jet cutting distance. An analytical equation linking the governing variables is proposed, which allows for the possibility of evaluating column diameters achievable in different ground conditions based on theoretical calculations. When used in conjunction with shallow jet grouting field trials, the equation can provide a means for extrapolating trial results to conditions at actual depths for production jet grouting.

Jan 1, 2006

This chapter summarizes data on crude mineral production for the United States, its island possessions, and the Common- wealth of Puerto Rico. Included also are tables that show the principal mineral commodities exported from and imported into the United States and that compare world and U.S. mineral production. The detailed data from which these tables 'were derived are contained in the individual commodity chapters of volume I and in the State chapters of volume II of this edition of the Minerals Yearbook. Although crude mineral production may be measured at any of several stages of extraction and processing, the stage of measurement used in this chapter is what is normally termed "mine output." It usually refers to minerals or ores in the form in which they are first extracted from the ground, but customarily includes the production of auxiliary processing at or near the mines.

Jan 1, 1978

By P. M. Prasad

Off-grade molybdenite concentrates, mainly derived from secondary sources as by-products of the processing of copper, uranium and tungsten ores, do not satisfy the purity requirements (percent MoS2) for the production of molybdenum bearing products. This investigation is a continuation of a successful effort to refine a low-grade molybdenite concentrate to prepare a high-grade MoS2 using a mixed acid (HF + HCl) leach procedure. Specifically, this investigation is concerned with an understanding of the separation chemistry underlying the removal of the oxide/silicate gangue and the base-metal sulfide associations present in the low-grade molybdenite by their selective dissolution in the two acids. Experiments were conducted on an off-grade concentrate containing 42.6% Mo. Results of the controlled dissolution tests indicate that both HCl and HF are suitable for the removal of the associated alumina and both work well for iron, nickel and copper. However, HF was found to be the most effective for dissolving silica/silicate and magnesia. An attempt was made to rank the leaching efficiencies of the acids used singly, sequentially or in a mixed mode. Scale-up (300 to 2,000 g) experiments were conducted to validate this approach. Excellent purification of the concentrate was possible by processing the off-grade concentrate with 10% HCl plus 15% HF at 363 K for 7.2 ks in open polypropylene reactors with internal stirring. These conditions leached practically all of the oxide and silicate gangue and 96% of the metallic impurities. Starting from the low-grade molybdenite concentrate (42.6% Mo; 71.1% MoS2) it was found feasible to obtain a refined product containing 97.8% MoS2, which is suitable for industrial use.

Jan 1, 2007

By Heikki Laurila, Sirkka-Liisa Jämsä-Jounela, Jarkko Karesvuori

"Artificial Intelligence includes excellent tools for the control and supervision of industrial processes. Several thousand industrial applications have been reported worldwide. Recently, the designers of the A1 systems have begun to hybridize the intelligent techniques, expert systems, fuzzy logic and neural networks, to enhance the capability of the A1 systems. Expert systems have proved to be ideal candidates especially for the control of mineral processes.As successful case projects, an expert system based on on-line classification of the feed type using neural data analysis is described in this paper. The essential feature of this expert system is the classification of different feed types and their distinct control strategies at the plant. In addition to the classification, the expert system has a database containing information about how to handle the determined feed type. This self-leaming database scans historical process data to suggest the best treatment for the ore type under processing. The system has been tested in the Outokumpu Finnmines Oy, Hitura mine. Other projects have been reported to be in progress.INTRODUCTIONIn the past ten years considerable researches have been done in the application of artificial intelligent methods in process industry. The technologies of fuzzy logic, neural networks and expert systems have received several thousand applications worldwide: monitoring and analysis of process operations, fault diagnosis, supervisory control, feedback control and scheduling and planning of operations. Recently, the designers of these systems have begun to hybridize these intelligent techniques to enhance the current capability of expert system. Complex signal processing, neural networks, fuzzy logic and rule-based systems are also implemented to develop new so-called smart or intelligent sensors, actuators or components. Field buses are playing a more and more important role in automation systems and in imbedded systems. The development of field buses has allowed the distribution of smart components over networks."

Jan 1, 2000

Significantly increase the amount of fresh air that sweeps the face in front of a continuous mining ma-chine, in order to prevent methane gas buildup. Approach Water sprays are mounted along the sides of a continuous miner and behind the cutter head to help push ventilating air along the required path, and prevent its short circuiting. How It Works A continuous miner is fitted with two sets of water sprays, one of which is used at a time. The set of sprays shown in the diagram, helps move the ventilating air forward along the left side of the miner and across the cutter drum from left to right. That air is then drawn into the exhaust air passageway located along

Jan 1, 1978

By James H. McCutchan

The small and remote mine operators must comply with the Federal Mine Safety and Health Administration regulation requiring them to train and maintain mine rescue teams. The alternative is for the operators to contract with established teams within two hours travel time of their mine. Many of these remote operations are too far away from established teams and have too few employees to make up the necessary teams. Many cannot comply with the regulation either from a manpower or economic standpoint. The Office of Arizona State Mine Inspector, under the direction of the Honorable James H. McCutchan, State Mine Inspector, entered into a contract with the Bureau of Mines to develop the concept of a volunteer mine rescue program. This program with the assistance of the mining industry and volunteer rescue organizations, has planned and instituted a statewide volunteer mine rescue organization. The trained and equipped volunteers are stationed throughout the state and can respond to a mine emergency within the time constraints.

Jan 1, 1984