Financial Highlights

	Q2
Statement of Operations
(In Millions of US dollars)
Net revenue	32.43
Production costs	18.15
El Teniente Royalty	7.72
Non-cash production costs	2.01
Administration and Transportation	1.03
Operating Profit (Loss)	3.52
Earnings (loss) before taxes and non-controlling interests	2.03
Net Earnings (Loss)	3.58
Cash Flow from Operations	8.37
Financial Position
(In Millions of US dollars)
Cash and Cash Equivalents	17.21
Current Assets	37.55
Total Assets	174.01
Total Liabilities	49.77
Retained Earnings	40.93
Shareholders' Equity	124.24
Share Capital
(In millions)
Weighted average # shares	170.91
Per Share
Basic earnings (loss) per share	0.0119
Diluted earnings (loss) per share	0.0118
Dividends paid (in Cdn Dollars)	0.0000
Book Value per share	0.7269
Production
(Millions of pounds)
Total copper produced	11.51
Total copper sold	11.35
(Pounds)
Total molybdenum produced	155,755
Total molybdenum sold	156,514
Production Costs
(In US dollars, per pound of copper)
Cash Costs	1.81
Total Costs	2.66

	Q1
Statement of Operations
(In Millions of US dollars)
Net revenue	29.66
Production costs	16.52
El Teniente Royalty	6.32
Non-cash production costs	1.78
Administration and Transportation	1.02
Operating Profit (Loss)	4.02
Earnings (loss) before taxes and non-controlling interests	3.80
Net Earnings (Loss)	3.58
Cash Flow from Operations	0.93
Financial Position
(In Millions of US dollars)
Cash and Cash Equivalents	14.73
Current Assets	39.47
Total Assets	176.09
Total Liabilities	52.61
Retained Earnings	38.90
Shareholders' Equity	123.48
Share Capital
(In millions)
Weighted average # shares	159.27
Per Share
Basic earnings (loss) per share	0.0225
Diluted earnings (loss) per share	0.0221
Dividends paid (in Cdn Dollars)	0.0000
Book Value per share	0.6731
Production
(Millions of pounds)
Total copper produced	8.59
Total copper sold	8.50
(Pounds)
Total molybdenum produced	143,371
Total molybdenum sold	137,094
Production Costs
(In US dollars, per pound of copper)
Cash Costs	1.92
Total Costs	2.86