Financial Highlights

	Q2
Statement of Operations
(In Millions of US dollars)
Net revenue	31.16
Production costs	16.33
El Teniente Royalty	5.32
Non-cash production costs	1.16
Administration and Transportation	0.74
Operating Profit	7.61
Earnings before taxes and non-controlling interests	7.25
Net Earnings	6.22
Cash Flow from Operations	8.14
Financial Position
(In Millions of US dollars)
Cash and Cash Equivalents	11.19
Current Assets	34.00
Total Assets	166.00
Total Liabilities	34.90
Retained Earnings	73.18
Shareholders' Equity	131.10
Share Capital
(In millions)
Weighted average # shares	94.16
Per Share
(In US Dollars unless otherwise stated)
Basic earnings per share	0.0660
Diluted earnings per share	0.0660
Dividends paid (in Cdn Dollars)	0.0000
Book Value per share	1.3923
Production
(Millions of pounds)
Total copper produced	7.08
Total copper sold	7.13
(Pounds)
Total molybdenum produced	147,508
Total molybdenum sold	143,048
Production Costs
(In US dollars, per pound of copper)
Cash Costs	2.11
Total Costs	3.02

	Q1
Statement of Operations
(In Millions of US dollars)
Net revenue	35.93
Production costs	19.80
El Teniente Royalty	5.15
Non-cash production costs	1.36
Administration and Transportation	0.77
Operating Profit	8.85
Earnings before taxes and non-controlling interests	8.06
Net Earnings	6.38
Cash Flow from Operations	2.20
Financial Position
(In Millions of US dollars)
Cash and Cash Equivalents	10.96
Current Assets	46.81
Total Assets	174.45
Total Liabilities	48.56
Retained Earnings	67.13
Shareholders' Equity	125.89
Share Capital
(In millions)
Weighted average # shares	94.33
Per Share
(In US Dollars unless otherwise stated)
Basic earnings per share	0.0677
Diluted earnings per share	0.0668
Dividends paid (in Cdn Dollars)	0.0650
Book Value per share	1.3346
Production
(Millions of pounds)
Total copper produced	7.80
Total copper sold	7.80
(Pounds)
Total molybdenum produced	148,670
Total molybdenum sold	157,739
Production Costs
(In US dollars, per pound of copper)
Cash Costs	2.57
Total Costs	3.34