Production Summary

2011Forecast
70-75,000 El Castillo
2012 Forecast
75-80,000 El Castillo
10-15,00 La Colorada
El Castillo Mine – 100% Ownership*Indicated in thousands 2007 2008 2009 2010 Q1 Q2 Q3 Q4
Mine
      Ore Tonnes 522,000 1,994,000 3,704,226 7,757,499 2,538,264 2,786,349 2,908,150 2,912,500
      Waste Tonnes 929,000 2,421,000 5,061,989 8,233,514 2,221,194 2,184,486 1,933,470 2,524,600
      Total Tonnes 1,451,000 4,415,000 8,766,215 15,991,013 4,759,458 4,970,835 4,841,620 5,437,100
      Strip Ratio 1.78 1.21 1.37 1.06 0.87 0.78 0.66 0.86
      Grade (g/t) 0.50 0.50 0.39 0.37 0.35 0.33 0.32 0.32
      Ounces Gross 8,458 31,738 46,446 91,839 28,225 29,555 29,997 30,200
Processing Tonnes
      Run of Mine 289,000 1,416,000 2,741,829 6,290,284 1,813,011 1,920,657 2,282,601 2,098,000
      Crushed 233,000 572,000 962,397 1,465,350 729,104 860,289 612,548 839,100
Total 522,000 1,988,000 3704226 8,343,036 2,542,115 2,780,946 2,895,149 2,912,500
Ounces produced 2,193 14,473 28,768 51,324 18,005 17,453 16,884 19,700