Financial Summary

Financial Data
(in thousands of US$)

 
   2011

 
   2010

   2009

   2008

   2007

Revenues

 $107,200

$83,523

$108,363

$39,777

Net earnings

 $38,500

($15,997)

$59,937

$22,023

Cash flow from operations

 $66,000

$46,986

$79,786

$30,053

Net profit margin

 36%

N/A

55%

55%

Cash and Short Term Investments

 $95,000

$65,432

$84,239

$58,780

Total Assets

 $279,454

$205,202

$190,267

$94,151

Long-term debt

 $0

$0

$0

$0

Capital expenditures

 $21,218

$49,812

$44,035

$18,077

Silver sold (thousands of ounces)

 4,624

4,189

3,961

1,935

   Realized price net of VAT and smelter charge

 $11.77

$10.17

$11.28

$9.30

Lead sold (thousands of pounds)

 62,374

53,066

49,624

26,262

   Realized price net of VAT and smelter charge

 $0.69

 $0.65

$0.98

$0.54

Zinc sold (thousands of pounds)

 14,740

 12,957

15,912

7,136

   Realized price net of VAT and smelter charge

 $0.57

 $0.41

$0.88

$1.07

Total cash cost for silver adjusted for by-product credits

 ($6.22)

($2.77)

($10.99)

($7.25)

Average Production Cost

   Silver ($/ounce)

 $3.06

$4.34

$2.44

$2.38

   Lead ($/pound)

 $0.18

$0.28

$0.21

$0.14

   Zinc ($/pound)

 $0.15

$0.18

$0.19

$0.27

Head Grades of Run of Mine Ores   

   Silver (gram/tonne)

 394.8

311.6

420.3

489.0

   Lead (%)

 7.5

5.6

7.4

8.9

    Zinc (%)

 2.5

1.9

2.7

3.2

Per Share Data

Earnings (loss)

   Basic

 $0.24

($0.11)

$0.41

$0.15

   Diluted

 $0.24

($0.11)

$0.40

$0.15

Cash flow

 $0.40

$0.31

$0.54

$0.21

Dividends paid

 $0.08

$0.08

$0.05

-

Shareholder Data

Basic shares outstanding (weighted average)

 163,614,650

152,350,041

147,660,730

143,913,693

Warrants outstanding

 0

0

3,742,119

3,751,869

Outstanding options

 3,204,683

4,605,703

3,234,685

6,169,908

Fully diluted (weighted average)

 164,373,056

152,350,041

150,954,072

149,674,056