[[AZK]] — It owns 100% of the Casa Berardi gold mine, which is in commercial production, as well as one advanced stage project, the Joanna gold project, and one early-stage exploration project, the Kipawa gold/uranium project. During the year ended December 31, 2007, gold production from Casa Berardi totaled 159,469 ounces. The Joanna Gold Project comprises 92 claims covering 2,608.

The Kipawa gold-uranium project is an early-stage exploration project. It has increased its land position to 1,277 mineral claims covering 75,000 hectares in Kipawa gold-uranium project. At Joanna, mineral resources are estimated at 11.3 million tons averaging 1.7 grams of gold per ton, for 630,000 ounces in the indicated mineral resource category and 28.6 million tons averaging 1.6 grams of gold per ton, for 1.42 million ounces in the inferred mineral resource category.