Message from the President and CEO
This Annual Report marks the end of a challenging period for Crew during which we have carried out the business of gold mining with the best interests of all the communities we serve at heart – our shareholder community, our Crew staff, and those people whose day-to-day lives are affected by our activities.
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MD&A
INTRODUCTION
This Management’s Discussion and Analysis (“MD&A”) provides detailed analysis of the financial condition and results of operations of Crew Gold Corporation (“Crew”, “the Corporation”, “the Company”, “we” or “our”) for the quarter and year ended December 31, 2007.
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Review of Operations
LEFA
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In October 2005, Crew acquired Guinor Gold Corporation, the
operator of the Lefa Corridor gold project in Northern Guinea.
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Nalunaq
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Nalunaq Gold Mine in southern Greenland was officially opened
on August 25th 2004 after nearly ten years of exploration and
development.
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Maco
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Crew’s principal asset in the Philippines is the Maco Gold Mine
on the Island of Mindanao.
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Sustainability
Health, safety and the environment (“HSE”)
The majority of Crew’s HSE staff are located at the sites but core HSE governance functions are provided by the corporate office, with the organizational responsibility divided between the COO and CFO. Across the Company, there are certain specialist networks formed to foster the sharing of knowledge between sites
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