3
DRIVING GROWTH FROM WITHIN
2014
2013
2012
2011
2010
2008
2008
2007
10
Ag Eq (Moz)
8
6
4
2
0
CAGR 40%
P
2014
2013
2012
2011
2010
2008
2008
2007
120
Contained Metal - Ag Eq (Moz)
100
80
60
40
20
0
Measured & Indicated
Inferred
C
Proven & Probable
2
2014
2013
2012
2011
2010
2008
2008
2007
200
$ M
160
120
80
40
0
Cash ow from operations
Sales
Driving Growth From Within
By capturing growth opportunities available to us at our mines and surrounding land packages in Mexico
and Peru, we have delivered consistent growth since the start of full-scale operations in 2007.
Our goal is to maximize production and profitability through low-cost, low-risk organic growth, while actively
seeking to replace reserves and increase resources.
Increasing silver and gold production
Generating sustainable value
• Expand our mines within our operational
and financial capabilities
• Increase production and processing
capacity to drive down costs
• Maximize operating margins and free cash flow
• Allocate capital to projects with the highest
potential returns
Growing reserves and resources
• Conduct in-fill drilling to replace reserves
and explore to expand resources
• Target low-risk high-reward opportunities
to reduce discovery costs
