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SAN MARTIN

2007 was San Martin's last year as an operating mine.  Reclamation activities are ongoing at the site which include backfilling, waste encapsulation, recontouring, revegetation and final leach and rinse on the leach pads.  As areas become reclaimed they are ceded to the San Martin Foundation, where commercial agricultural projects are piloted for future commercial operations. 

OPERATING STATISTICS

San Martin
2005
(actual)
2006
(actual)

2007
(actual)

Ore mined tonnes(000's) 5,200 4,022

2,599

Ore Processed tonnes(000's) 5,198 4,023

2,975

Grade Au g/t 0.68 0.78

0.77

Total Recovery Au % 59% 55%

53%

Total Production Au oz 81,500 59,600

45,300

Total Cash Costs US$/oz $294 $350

$479