Financial Highlights - 2006

2006

	Q1	Q2	Q3	Q4	Year
Statement of Operations
(In Millions of US dollars)
Net revenue	17.04	27.48	19.74	19.94	84.20
Production costs	7.25	8.15	5.86	7.57	28.82
El Teniente Royalty	2.61	3.46	3.27	3.43	12.78
Non-cash production costs	0.48	0.52	0.55	0.43	1.99
Administration and Transportation	0.54	0.49	0.47	0.64	2.14
Operating Profit	6.16	14.86	9.59	7.87	38.47
Earnings before taxes and minority interest	5.43	14.91	9.83	15.25	45.43
Net Earnings	4.61	12.44	8.25	13.98	39.28
Cash Flow from Operations	4.09	10.21	8.39	3.96	26.57

Financial Position
(In Millions of US dollars)
Cash and Cash Equivalents	15.45	18.96	12.56	26.57	26.57
Current Assets	28.48	36.45	25.46	41.78	41.78
Total Assets	107.04	121.31	121.18	134.30	134.30
Total Liabilities	27.03	28.83	24.03	23.94	23.94
Retained Earnings	23.63	35.98	40.40	53.76	53.76
Shareholders' Equity	80.01	92.49	97.14	110.37	110.37

Share Capital
(In millions)
Weighted average # shares	87.90	94.14	94.08	92.51	92.51

Per Share
(In US Dollars unless otherwise stated)
Basic earnings per share	0.0524	0.1322	0.0877	0.4246	0.4246
Diluted earnings per share	0.0515	0.1285	0.0868	0.4202	0.4202
Dividends paid (in Cdn Dollars)	0.0000	0.0450	0.0450	0.0000	0.0000
Book Value per share	0.9102	0.9825	1.0325	1.1931	1.1931