Corporate
4%
San Jose Mine
43%
Caylloma Mine
53%
Caylloma Mine
59%
San Jose Mine
41%
5
2014 HIGHLIGHTS
DRIVING GROWTH FROM WITHIN
Strong financial performance
• Sales increase by 27% to $174.0 million
• Cash flow from operations increases by 46% to $59.8 million
• Adjusted net income improves by 67% to $15.7 million
• Earnings per share grow by 180% to $0.12
• Cash position at year-end rises by 57% to $77.3 million
Increased production and reserves
• Silver production increases by 42% to 6.6 million ounces
• Gold production rises by 66% to 35,316 ounces
• Proven and probable reserves increase to 6.8 Mt containing
41.3 Moz silver (up 14%) and 251,800 ounces gold (up 7%)
• San Jose mill capacity expanded from 1,800 to 2,000 tpd
Sustainability agreements build better futures
Funding agreements with government authorities in Mexico and Peru improve quality of life by
· providing students with scholarships, technical training and teaching equipment
· building and restoring vital road networks to remote towns
· extending the electricity grid to rural communities
2014 Head Count
Employees: 697 people
Contractors: 953 people
