ABCDEFGHIJKLMNOPQRSTUVWXYZAAABACADAEAFAGAHAIAJAK
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OverallLa Negra OnlyShafter Only
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Gross RevenueMining RevenueNetback PercentageEarnings from Mining OperationsOperating
Cash
Flow
Net Income from Mining OperationsCashConvertible DebentureDebtSilver PriceSilver oz EqSilver ozRevenueCostsCash Cost per AqEq ozCash Cost per Ag ozEarnings from Mining OperationsOre Milled (tonnes)
Ore Milled (TPD)Ore Milled Target (TPD)Ore Milled EfficiencySilver Grade
(g/t)
Silver RecoveryRecovered Grade (g/t)Silver oz EqSilver ozRevenueCostsEarnings from Mining OperationsOre Milled (tonnes)
Ore Milled (TPD)Ore Milled Target (TPD)Ore Milled EfficiencySilver oz EqSilver oz
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TotalLa NegraShafter
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2014$261,124,159$222,161,14485.08%8,845,6696,633,3893,829,6691,617,389$148,072,320$45,144,000$102,928,3205,016,0005,016,000
5
12/31/2014$70,328,960$59,834,99385.08%$29.522,382,4171,829,347224,7062,442300081.42%957,417404,347$42,066,00012,825,000$29,241,000202,5002,250250090.00%1,425,0001,425,000
6
9/30/2014$68,646,320$58,403,42485.08%$29.522,325,4171,772,347224,7062,442300081.42%957,417404,347$40,383,36012,312,000$28,071,360194,4002,160240090.00%1,368,0001,368,000
7
6/30/2014$63,598,400$54,108,71785.08%$29.522,154,4171,601,347222,2642,442300081.42%957,417404,347$35,335,44010,773,000$24,562,440170,1001,890210090.00%1,197,0001,197,000
8
3/31/2014$58,550,480$49,814,01085.08%$29.521,983,4171,430,347219,8212,442300081.42%957,417404,347$30,287,5209,234,000$21,053,520145,8001,620180090.00%1,026,0001,026,000
9
2013$158,008,672$134,431,78885.08%5,778,9713,883,9003,384,9711,489,900$70,670,880$30,780,000$39,890,8802,394,0002,394,000
10
12/31/2013$53,502,560$45,519,30485.08%$29.521,812,4171,259,347224,7062,442300081.42%957,417404,347$25,239,600$7,695,000$17,544,600121,5001,350150090.00%855,000855,000
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9/30/2013$48,454,640$41,224,59785.08%$29.521,641,4171,088,347224,7062,442300081.42%957,417404,347$20,191,680$7,695,000$12,496,68097,2001,080120090.00%684,000684,000
12
6/30/2013$41,051,473$34,926,07685.08%$29.521,390,633883,652203,7422,239275081.42%877,633370,652$15,143,760$7,695,000$7,448,76072,90081090090.00%513,000513,000
13
3/31/2013$15,000,000$12,761,81185.08%$4,793,278$3,285,148$1,472,722$18,002,013$0$17,344,771$29.52934,504652,554170,0811,890250081.42%7179.99%56.79592,504310,554$10,095,840$7,695,000$2,400,84048,60054060090.00%342,000342,000
14
2012$55,679,845$44,209,32279.40%$24,266,451$11,354,5282,525,0121,374,2022,525,0121,374,202
15
12/31/2012$19,993,920$15,875,00279.40%$6,870,430$3,874,232$32.00624,810336,956187,2552,035250081.42%7277.73%55.97624,810336,956
16
9/30/2012$18,400,000$14,950,02681.25%$6,407,942$8,545,993$3,411,744$13,526,074$0$6,424,514$31.63718,063376,687$14,950,026$8,542,084$11.90$3.81$6,407,942196,8432,140225095.09%8074.40%59.52718,063376,687
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6/30/2012$17,100,000$13,273,09677.62%$5,480,639$3,875,658$1,403,126$17,040,538$0$5,962,642$28.51689,275373,073$13,273,096$7,792,457$11.31$4.57$5,480,639176,5911,941200097.03%8082.14%65.71689,275373,073
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3/31/2012$14,600,000$11,581,72179.33%$5,507,440$1,748,188$2,665,426$30,944,114$0$4,755,087$32.80492,864287,486$11,581,721$6,074,281$12.32$4.34$5,507,440130,5701,435150095.66%8184.55%68.48492,864287,486
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2011$57,800,000$45,882,17879.38%$23,181,812$17,077,429$7,656,8461,741,7021,007,256$45,882,178$22,700,366$13.03$3.33$23,181,8121,741,7021,007,256
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12/31/2011$10,542,453$5,708,583$4,075,023$1,574,320$36,560,380$0$2,818,287468,342265,230$10,542,453$4,833,870$10.32$0.99$5,708,583125,2621,362150090.77%8181.31%65.86468,342265,230
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9/30/2011$12,093,483$6,811,070$6,293,873$3,825,035$8,167,759$2,862,049$2,357,927$37.24437,697244,243$12,093,483$5,282,413$12.07-$0.26$6,811,070119,7721,302150086.79%7584.57%63.43437,697244,243
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6/30/2011$16,500,000$12,392,39175.11%$5,304,988$4,795,944$1,566,798$18,835,902$10,095,778$2,637,718$36.86447,533257,508$12,392,391$7,087,403$15.84$7.09$5,304,988133,7001,469150097.95%59.91447,533257,508
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3/31/2011$13,200,000$10,853,85182.23%$5,357,171$1,912,589$690,693$19,793,281$9,835,332$0$31.95388,130240,275$10,853,851$5,496,680$14.16$5.67$5,357,171127,2311,414150094.25%58.74388,130240,275
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2010$33,000,000$26,144,93679.23%$1,594,626-$3,970,874-$8,567,0871,354,315838,077$26,144,936$24,550,310$18.13$17.40$1,594,6261,354,315838,077
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12/31/2010$9,655,451-$1,835,492-$3,609,766-$7,859,234$22,057,371$9,655,523$0385,942251,020$9,655,451$11,490,943$29.77$32.33-$1,835,492124,3451,352150090.11%62.79385,942251,020
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9/30/2010$7,192,063$2,106,683-$1,060,605$1,235,530$253,201$9,411,372$0416,035250,953$7,192,063$5,085,380$12.22$8.89$2,106,683125,0501,359150090.62%62.42416,035250,953
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6/30/2010$4,799,745$628,332$170,346-$1,393,868$1,625,422$9,247,249$0$18.22302,805182,009$4,799,745$4,171,413$13.78$12.40$628,33294,2011,035125082.81%60.10302,805182,009
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3/31/2010$4,497,677$695,103$529,151-$549,515$1,503,178$9,083,126$0249,533154,095$4,497,677$3,802,574$15.24$13.51$695,10379,007878100087.79%60.66249,533154,095
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2009$16,133,550$4,165,834-$417,467-$2,301,9031,174,803749,803$16,133,550$11,967,716$10.19$8.18$4,165,8341,174,803749,803
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12/31/2009$4,246,485$1,492,130-$2,805,090-$1,416,093$2,852,174$8,919,003$0313,244211,244$4,246,485$2,754,355$8.79$6.49$1,492,130313,244211,244
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9/30/2009$5,228,565$1,750,388$2,845,691$466,232$1,368,861$8,738,838$0264,559167,559$5,228,565$3,478,177$13.15$9.32$1,750,388264,559167,559
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6/30/2009$3,621,463$858,932-$2,655,588-$685,116$1,031,730$8,558,663$0325,000205,000$3,621,463$2,762,531$8.50$6.95$858,932325,000205,000
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3/31/2009$3,037,037$64,384$2,197,520-$666,926$2,394,070$8,378,508$0272,000166,000$3,037,037$2,972,653$10.93$10.78$64,384272,000166,000
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Shares Outstanding:558,000,0002365.915635
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g/oz: 31.1034768248.8278144436510.429
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