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Exploration activities carried out in 2006 achieved good results in San Dimas; the new exploration areas of Graben Sinaloa and El Cristo.
Explation of the high grade zone of the Central Block continued to confirm grade and tonnage expectations. Proven and Probable reserves increased by 53% from 2005.
Exploration at the Nukay Mine and the peripherals, adjacent to the Los Filos project, has confirmed the presence of economical ore around the intrusive contact with the limestone (Skarn) and the potential is open to depth. The total proven and probable reserves at Nukay more than doubled in 2006 to 700,000 ounces and is an important indication of the prospectivity of this area.
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