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SAN DIMAS

The San Dimas gold-silver deposit is one of the most significant precious metal deposits in Mexico in a large and productive mining district.  

The San Dimas mines are underground operations using primarily mechanized cut-and-fill mining methods.  After milling, cyanidation, precipitation and smelting, dore bars are poured and then transported to the United States for refining.  

OPERATING STATISTICS

San Dimas (1)

2004
(actual)

2005
(actual)

2006
(actual)

2007
(actual)

2008 (2)
(actual)

Ore Milled

790,100

814,200

1,085,700

845,594

 657,500

Gold Grade

5.58

5.94

6.34

6.43

 4.29

Silver Grade

297

343

328

337

 261

Gold Recovery

95%

95%

94%

94%

 97%

Silver Recovery

90%

89%

89%

91%

 94%

Production Gold Oz

132,500

145,300

208,400

163,300

 86,700

Production Silver Oz

6,665,500

6,797,300

8,931,700

6,965,600

 5,113,500

Total Cash Costs*

$97

$119

$131

$259

 $405

* Subsequent to October 15, 2004, all Luismin silver is sold toSilver Wheaton at a price of $3.90 per ounce.  The calculation of total cash costs per ounce of gold is net of by-product silver sales revenue of $3.90 per silver ounce (pro forma basis prior to October 15, 2004)
(1) Previously disclosed as "Luismin". 
(2)Figures do not include Los Filos Underground (formerly Nukay), which is now disclosed as part of the Las Filos operation.