The consolidated production results reflect the acquisition of the Bolanitos mine on May 2, 2007.
Plant throughput for the quarter ended June 30, 2007 was 58,061 tonnes at an average grade of 290 gpt SILVER and
0.99 gpt gold.
SILVER production was 430,248 ozs compared to 350,087 ozs in Q2 2006 an increase of 23%. The increased silver
production is attributable to both an increase in plant throughput at Guanacevi and two months production from the
Bolanitos acquisition. The average SILVER grade was 59% lower in Q2, 2007 compared to Q2, 2006 due to lower
SILVER grades from Guanacevi and the lower silver grade from Bolanitos. Gold grades were also lower in the quarter
reflecting ore types processed at Guanacevi, partially offset by the higher gold grades from Bolanitos. The Bolanitos
mine has lower SILVER grades but significantly higher gold grades than the Guanacevi mine.
The following table compares 100% production in 2007 to 100% production in the 2006 year:
+7
