MALPASO MILL

[Operational Statistics]

Key statistics of the Bolivar pilot-mining program to date are shown on the table below.

 

2006

2007

Forecast
2008

Tonnes processed

96,575

127,106

144,00

Grade Zinc (%)

10.63

7.07

8.0

Grade Copper (%)

2.03

1.52

1.4

% Recovery Zn

91.90

86.49

88.0

% Recovery Cu

80.59

81.66

82.0

Average price zinc per pound

US$1.44

US$1.47

US1.00

Average price copper per pound

US$3.02

US$3.23

US$2.80

Total production of zinc (lbs)

20.90M

17.03M

22.3 M

Total production of copper (lbs)

3.51M

3.53M

3.6M

Direct operating cash margin
(FOB Malpaso Mill)

US$11.5M

US$15.0M

US$14.1

Operating costs / DMT
(including development)

US$15.3M

US$11.4M

US$9.9.M

Operating costs / DMT
(including development)

US$118.56

US$118.18

US$98.00