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LOS FILOS

The Los Filos mine consists of two open pit mines (Los Filos and El Bermejal) with common heap leach, wet plant and ancillary facilities.  Los Filos is located in the Nukay mining district of central Guerrero State in southern Mexico. Commercial production for Los Filos commenced January 1, 2008.  

Los Filos is forecast to produce an average of 300,000 ounces of gold per year.

MINERAL RESERVES AND RESOURCES*

Proven & Probable Reserves 

Category

m tonnes

g Au/t

m ounces

Gold

277.47

0.63

5.64

Mineral Resources 

Measured and Indicated

m tonnes

g Au/t

m ounces

Gold

84.37

0.54

1.47

Inferred

m tonnes

g Au/t

m ounces

Gold

73.49

0.56

1.33

*All Mineral Reserves and Mineral Resources have been estimated as of December 31, 2007 in accordance with the Definition Standards on Mineral Resources and Mineral Reserves of the Canadian Institute of Mining, Metallurgy and Petroleum, as required by National Instrument 43-101.