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EL SAUZAL

El Sauzal is a conventional open pit, oxide milling operation which achieved commercial production in December 2004.  El Sauzal is approaching the latter years of its mine life and the planned decline in production is occuring. 

Gold production in 2008 was 274,000 ounces. 

OPERATING STATISTICS

El Sauzal
(100%)

2005
(actual)

2006
(actual)

2007
(actual)

2008
(actual)

Ore mined tonnes (000's)

2,141

2,633

2,693

 2,525

Ore Milled tonnes (000's)

1,668

2,107

2,165

 2,107

Grade Au g/t

3.87

4.7

4.65

4.28

Total Recovery Au %

92%

94%

94%

95%

Total Production Au oz

191,600

299,600

306,900

274,200

Total Cash Costs US$/oz

$137

$103

$120

$149