Highlights
Full year production of 20.3 million attributable silver equivalent ounces achieved, in line with guidance
Acquisition of Andina Minerals gold deposit in Chile boosts long-term project pipeline
Further progress at Advanced Projects
Strong brownfield exploration results
2013 production target maintained at 20.0 million attributable silver equivalent ounces
2013 exploration budget set at $77 million
Solid financial position with total cash of approximately $359 million (including payment for 86.7% of Andina Minerals) and minority investments valued at $256 million as at 31 December 2012
Ignacio Bustamante, Chief Executive Officer commented:
"I am pleased to report that we have once again met our full year production target, producing 20.3 million attributable silver equivalent ounces in 2012. Whilst our mines have continued to deliver a solid base of production, our brownfield exploration programme has delivered some excellent results during the year and we have not only continued to incorporate further resources, but we have also discovered new high grade veins at all of our core assets that improve the quality of our resources.
