<SEC-DOCUMENT>0001157523-17-001259.txt : 20170428
<SEC-HEADER>0001157523-17-001259.hdr.sgml : 20170428
<ACCEPTANCE-DATETIME>20170427183733
ACCESSION NUMBER:		0001157523-17-001259
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170427
FILED AS OF DATE:		20170428
DATE AS OF CHANGE:		20170427

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BUENAVENTURA MINING CO INC
		CENTRAL INDEX KEY:			0001013131
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14370
		FILM NUMBER:		17790871

	BUSINESS ADDRESS:	
		STREET 1:		AVE CARLOS VILLARAN 790
		CITY:			LIMA
		STATE:			R5
		ZIP:			13
		BUSINESS PHONE:		5114192536

	MAIL ADDRESS:	
		STREET 1:		AV. CARLOS VILLARAN 790
		CITY:			LIMA
		STATE:			R5
		ZIP:			13
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a51549103.htm
<DESCRIPTION>COMPANIA DE MINAS BUENAVENTURA S.A.A. 6-K
<TEXT>
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      UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>Washington,
      D.C.&#160;&#160;20549<br><br>
    </p>
    <p style="text-align: center">
      <b>FORM 6-K</b><br><br><b>REPORT OF FOREIGN ISSUER<br>PURSUANT TO RULE
      13a-16 OR 15b-16 OF<br>THE SECURITIES EXCHANGE ACT OF 1934</b><br><br>
    </p>
    <p style="text-align: center">
      <b>For the month of <font style="font-family: Times New Roman; font-size: 10pt">April
      2017</font></b><br><br>
    </p>
    <p style="text-align: center">
      <b>Commission File Number 001-14370</b><br><br>
    </p>
    <p style="text-align: center">
      <b>COMPANIA DE MINAS BUENAVENTURA S.A.A.</b><br>(Exact name of
      registrant as specified in its charter)<br><br>
    </p>
    <p style="text-align: center">
      <b>BUENAVENTURA MINING COMPANY INC.<br></b>(Translation of registrant&#8217;s
      name into English)<br><br>
    </p>
    <p style="text-align: center">
      <b>Republic of Peru<br></b>(Jurisdiction of incorporation or
      organization)<br><br>
    </p>
    <p style="text-align: center">
      <b>CARLOS VILLARAN 790<br>SANTA CATALINA, LIMA 13, PERU<br>(</b>Address
      of principal executive offices)
    </p>
    <p>
      Indicate by check mark whether the registrant files or will file annual
      reports under cover Form 20-F or Form 40-F.
    </p>
    <p style="text-align: center">
      Form 20-F ____<u>X</u>___ Form 40-F _______
    </p>
    <p>
      Indicate by check mark if the registrant is submitting the Form 6-K in
      paper as permitted by Regulation S-T Rule 101(b)(1): [ ]<br><br>Indicate
      by check mark if the registrant is submitting the Form 6-K in paper as
      permitted by Regulation S-T Rule 101(b)(7): [ ]
    </p>
    <p>
      Indicate by check mark whether the registrant by furnishing the
      information contained in this Form is also thereby furnishing the
      information to the Commission pursuant to Rule 12g3-2(b) under the
      Securities Exchange Act of 1934.
    </p>
    <p style="text-align: center">
      Yes _______ No ___<u>X</u>____
    </p>
    <p>
      If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the
      registrant in connection with Rule 12g3-2(b): Not applicable.
    </p>
    <p>

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    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
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    </p>
    <p>
      Signature
    </p>
    <p>

    </p>
    <p style="text-align: justify">
      Pursuant to the requirements of the Securities Exchange Act of 1934, the
      registrant has duly caused this report to be signed on its behalf by the
      undersigned, thereunto duly authorized.
    </p>
    <p>

    </p>
    <p>
      COMPA&#209;&#205;A DE MINAS BUENAVENTURA S.A.A.
    </p>
    <p>

    </p>
    <p>

    </p>
    <p>
      By: /s/ CARLOS E. GALVEZ PINILLOS
    </p>
    <p>
      Name: Carlos E. Galvez Pinillos
    </p>
    <p>
      Title: Chief Financial Officer
    </p>
    <p>

    </p>
    <p>
      Date: April 27, 2017
    </p>
    <p>

    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
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      <div style="page-break-after: always">
        <div style="text-align: center">

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          <hr style="color: black; height: 1.5pt">

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        <div style="text-align: right">

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    <p>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Buenaventura
      Announces First Quarter 2017 Results</b></font>
    </p>
    <p style="text-align: center">

    </p>
    <p>
      LIMA, Peru--(BUSINESS WIRE)--April 27, 2017--<b>Compa&#241;ia de Minas
      Buenaventura S.A.A.</b> (&#8220;Buenaventura&#8221; or &#8220;the Company&#8221;) (NYSE: BVN;
      Lima Stock Exchange: BUE.LM), Peru&#8217;s largest publicly-traded precious
      metals mining company, today announced results for the first quarter
      (1Q17) period ended March 31, 2017. All figures have been prepared in
      accordance with IFRS (International Financial Reporting Standards) on a
      non-GAAP basis and are stated in U.S. dollars (US$).
    </p>
    <p>
      <b>First Quarter 2017 Highlights:</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        In 1Q17, EBITDA from direct operations was US$80.7 million, increased
        30% compared to US$62.0 million reported in 1Q16. Adjusted EBITDA
        (including associated companies) increased 21% (US$ 178.1 million) in
        1Q17, compared to the US$ 146.8 million in 1Q16.
      </li>
      <li style="margin-bottom: 10.0px">
        Heavy rains due to &#8220;Coastal El Ni&#241;o&#8221; did not impacted our operations
        facilities, however logistics processes were affected.
      </li>
      <li style="margin-bottom: 10.0px">
        Total attributable production in 1Q17 was 135k gold ounces and 6.1
        million silver ounces, compared to 158k gold ounces and 6.2 million
        silver ounces in 2016.
      </li>
      <li style="margin-bottom: 10.0px">
        Tambomayo&#180;s ramp-up has been extended due to a bottleneck detected
        within the tailing filtering process.
      </li>
      <li style="margin-bottom: 10.0px">
        El Brocal reported its second consecutive quarter of positive
        operating performance and financial results.
      </li>
      <li style="margin-bottom: 10.0px">
        San Gabriel&#180;s Environmental Impact Assessment (EIA) was approved on
        March 31, 2017.
      </li>
      <li style="margin-bottom: 10.0px">
        At Cerro Verde, operating and financial results were slightly
        affected, despite a 21 day strike and the impacts of &#8220;Coastal El Ni&#241;o&#8221;.
      </li>
    </ul>
    <p>
      <b>Financial Highlights </b>(in millions of US$, except EPS figures)<b>:</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Var %</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Total Revenues</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          278.3
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          227.3
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>22</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Operating Profit</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          23.1
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          13.0
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>77</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>EBITDA Direct Operations</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          80.7
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          62.0
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>30</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Adjusted EBITDA (Inc Associates)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          178.1
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          146.8
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>21</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Net Income</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          70.7
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          51.6
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>37</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>EPS**</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          0.28
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          0.20
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>37</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          (*) See Appendix 5
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          (**) as of March 31, 2017 Buenaventura had a weighted average number
          of shares outstanding of 253,986,867.
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Operating Revenues</b>
    </p>
    <p>
      During 1Q17, net sales were US$272.8 million, a 24% increase compared to
      the US$220.6 million reported in 1Q16. This result was primarily due to
      an increase in all metal prices as well as higher volume sales of
      silver, zinc and lead.
    </p>
    <p>
      Royalty income decreased 18% from US$6.7 million in 1Q16 to US$5.5
      million in 1Q17 due to lower revenues at Yanacocha (17% QoQ).
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>Operating Highlights</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Var %</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Net Sales </b>

          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(in millions of US$)</b>
          </p>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          272.8
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          220.6
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>24</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Average Realized Gold Price (US$/oz) <sup>(1) (2)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,231
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,205
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>2</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Average Realized Gold Price (US$/oz) inc. Affiliates <sup>(3)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,218
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,196
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>2</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Average Realized Silver Price (US$/oz) <sup>(1) (2)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          16.65
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          14.37
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>16</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Average Realized Lead Price (US$/MT)<sup> (1) (2)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          2,290
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,782
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>28</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Average Realized </b>

          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Zinc Price (US$/MT)<sup> (1) (2)</sup></b>
          </p>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          2,899
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,620
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>79</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Average Realized Copper Price (US$/MT)<sup> (1) (2)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          5,999
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          4,427
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>36</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>Volume Sold</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Var %</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Gold Oz Direct Operations <sup>(1)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          78,338
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          80,989
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-3</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Gold Oz inc Associated Companies <sup>(3)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          155,088
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          172,119
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-10</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Silver Oz <sup>(1)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          5,999,608
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          5,314,779
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>13</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Lead MT <sup>(1)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          9,719
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          6,567
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>48</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Zinc MT <sup>(1)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          16,691
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          12,342
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>35</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Copper MT <sup>(1)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          9,829
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          11,098
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-11</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          (1)
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Buenaventura&#8217;s Direct Operations includes 100% of Buenaventura&#8217;s
          operating units, 100% of La Zanja and 100% of El Brocal.
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          (2)
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          The realized price considers the adjustments of quotational periods.
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          (3)
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Considers 100% of Buenaventura&#8217;s operating units, 100% of La Zanja,
          100% of El Brocal, 40.095% of Coimolache and 43.65% of Yanacocha.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Production and Operating Costs</b>
    </p>
    <p>
      In 1Q17, Buenaventura&#8217;s gold equity production from direct operations
      was 62,828; a 4% decrease as compared to 1Q16 (65,376 gold ounces). In
      1Q17 Gold production including associated companies was 135,428 ounces;
      a 14% decrease as compared to the same period 2015. This decline is due
      to a decrease in production at Yanacocha. Zinc and Lead equity
      production were higher during 1Q17 compared to 1Q16 mainly as a result
      increased production at Uchucchacua and El Brocal.
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>Equity Production</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Var %</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Gold Oz Direct Operations<sup>(1)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          62,828
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          65,376
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-4</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Gold Oz including Associated<sup>(2)</sup> Companies</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          135,428
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          157,955
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-14</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Silver Oz Direct Operations<sup>(1)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          5,370,294
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          5,898,982
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-9</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Silver Oz including Associated Companies</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          6,133,526
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          6,213,680
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-1</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Lead MT</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          7,802
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          6,982
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>12</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Zinc MT</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          13,570
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          10,368
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>31</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Copper MT Direct Operations<sup>(1)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          6,338
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          6,459
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-2</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Copper MT including Associated Companies</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          29,588
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          30,623
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-3</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>Consolidated Production</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Var %</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Gold Oz<sup>(3)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          80,279
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          84,254
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-5</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Silver Oz<sup>(3)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          6,262,264
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          6,157,018
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>2</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Lead MT<sup>(3)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          10,320
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          8,183
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>26</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Zinc MT<sup>(3)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          20,959
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          14,405
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>20</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Copper MT<sup>(3)</sup></b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          11,214
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          11,417
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-2</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          (1)
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Buenaventura&#8217;s Direct Operations includes 100% of Buenaventura&#8217;s
          operating units, 53.06% of La Zanja and 61.32% of El Brocal.
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          (2)
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Consider 100% of Buenaventura&#180;s operating units, 53.06% of La Zanja,
          61.32% of el Brocal, 40.095% of Coimolache and 43.65% of Yanacocha.
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          (3)
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Considers 100% of Buenaventura&#8217;s operating units, 100% of La Zanja
          and 100% of El Brocal.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Orcopampa</b> <b>(100% owned by Buenaventura)</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="10">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="10">
          <b>Production</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          <b>Var %</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Gold</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>Oz</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          42,332
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          44,135
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-4</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Silver</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>Oz</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          140,095
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          147,414
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-5</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="10">
          <b>Cost Applicable to Sales</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          <b>Var %</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Gold</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>US$/Oz</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          777
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          688
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>13</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      Gold production at Orcopampa decreased 4% in 1Q17 year on year,
      primarily due to lower ore grades (see Appendix 2). Cost Applicable to
      Sales (CAS) in 1Q17 (777 US$/Oz) increased 13% compared to 1Q16 (688
      US$/Oz), mainly due to higher contractor expenses (a non-recurrent
      closing bonus), an increase in meters drifted and lower ounces sold (4%
      QoQ).
    </p>
    <p>
      Gold production guidance for 2017 is 180k &#8211; 190k ounces.
    </p>
    <p>
      <b>Uchucchacua</b> <b>(100% owned by Buenaventura)</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="10">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="10">
          <b>Production</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          <b>Var %</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Silver</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>Oz</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          4,021,722
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          4,161,975
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-3</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Zinc</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>MT</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,882
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,725
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>9</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Lead</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>MT</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          2,794
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          2,506
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>11</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="10">
          <b>Cost Applicable to Sales</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="2">
          <b>Var %</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Silver</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>US$/Oz</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          10.92
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          10.35
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>5</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      Silver production in 1Q17 was in line with 1Q16. Cost Applicable to
      Sales (CAS) in 1Q17 (10.92 US$/Oz) increased 5% compared to 1Q16 (10.35
      US$/Oz), mainly due to an increase in labor expenses and higher
      contractor expenses (a non-recurrent closing bonus).
    </p>
    <p>
      Silver production guidance for 2017 is 16.0 million &#8211; 17.0 million
      ounces.
    </p>
    <p>
      <b>Mallay (100% owned by Buenaventura)</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="10">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="10">
          <b>Production</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="2">
          <b>Var %</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Silver</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>Oz</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          320,372
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          408,619
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-22</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Zinc</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>MT</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          2,174
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          2,764
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-21</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Lead</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>MT</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,322
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          2,069
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-36</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="10">
          <b>Cost Applicable to Sales</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="2">
          <b>Var %</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Silver</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>US$/Oz</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          13.18
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          11.93
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>10</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      Silver production in 1Q17 decreased 22% year on year, primarily due to
      lower ore grades (see Appendix 2). Cost Applicable to Sales (CAS) in
      1Q17 increased by 10% year on year, primarily due to a decrease in
      ounces sold (9% QoQ).
    </p>
    <p>
      Silver production guidance for 2017 is 1.5 million &#8211; 1.7 million ounces.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Julcani (100% owned by Buenaventura)</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="10">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="10">
          <b>Production</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="2">
          <b>Var %</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Silver</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>Oz</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          666,236
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          853,052
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-22</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>%</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="10">
          <b>Cost Applicable to Sales</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="2">
          <b>Var %</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Silver</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>US$/Oz</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          13.36
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          10.66
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>25</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      Silver production in 1Q17 was 22% lower compared to 1Q16; primarily due
      to a decrease in ore treated (15% QoQ) and lower ore grades (10% QoQ).
      Cost Applicable to Sales (CAS) in 1Q17 (13.36 US$/Oz) was 25% higher
      than 1Q16 (10.66 US$/Oz), primarily explained by lower production.
      Management changed the mining method at Julcani after rock fall resulted
      in a fatal accident in January 2017, temporarily impacting productivity.
      This effect has been already surpassed.
    </p>
    <p>
      Silver production guidance for 2017 is 3.0 million &#8211; 3.4 million ounces.
    </p>
    <p>
      <b>La Zanja (53.06% owned by Buenaventura)</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="10">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="10">
          <b>Production</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          <b>Var %</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Gold</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>Oz</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          32,255
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          34,193
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-6</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Silver</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>Oz</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          68,931
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          59,236
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>16</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="10">
          <b>Cost Applicable to Sales</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          <b>Var %</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Gold</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>US$/Oz</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          723
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          538
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>34</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      Gold production in 1Q17 decreased by 6% year on year, in line with the
      mine production plan. Cost Applicable to Sales (CAS) in 1Q17 (723
      US$/Oz) increased 34% compared to 1Q16 (538 US$/Oz), primarily due to i)
      increased reagent consumption (associated with an increase in acid water
      treated), ii) decrease in ounces sold (3% QoQ) and iii) lower ore grades.
    </p>
    <p>
      Gold production guidance for 2017 is 115k &#8211; 125k ounces.
    </p>
    <p>
      <b>Tantahuatay (40.10% owned by Buenaventura)</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="10">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="10">
          <b>Production</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          <b>Var %</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Gold</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>Oz</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          31,245
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          34,562
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-10</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Silver</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>Oz</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          133,274
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          243,990
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-45</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="10">
          <b>Cost Applicable to Sales</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          <b>Var %</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Gold</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>US$/Oz</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          508
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          427
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>19</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      Gold production in 1Q17 decreased 10% year on year, in line with the
      mine production plan. Cost Applicable to Sales (CAS) in 1Q17 (508
      US$/Oz) increased 19% compared to 1Q16 (427 US$/Oz) mainly due to a
      decrease in ounces sold and higher exploration expenses.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      Gold production guidance for 2017 is 145k &#8211; 155k ounces
    </p>
    <p>
      <b>El Brocal</b> <b>(61.32% owned by Buenaventura)</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="10">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="10">
          <b>Production</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          <b>Var %</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Copper</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>MT</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          11,155
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          11,344
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-2</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Zinc</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>MT</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          16,903
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          9,916
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>70</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Silver</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>Oz</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,044,908
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          526,724
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>98</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="10">
          <b>Cost Applicable to Sales</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          <b>Var %</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Copper</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>US$/MT</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          4,877
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          4,823
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Zinc</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>US$/MT</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,947
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,474
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>32</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      Copper production in 1Q17 was in line with 1Q16. In 1Q17 zinc production
      increased 70% compared to 1Q16 mainly due to an increase ore treated and
      higher ore grades.
    </p>
    <p>
      In 1Q17, zinc Cost Applicable to Sales (CAS) increased 32% year to year,
      mainly due to higher commercial deductions triggered by higher zinc
      prices (79% QoQ), which activated the treatment charges escalators.
      Copper CAS in 1Q17 was in line with the figure reported in 1Q16.
    </p>
    <p>
      Zinc production guidance for 2017 is 60k &#8211; 70k MT, while copper
      production guidance for 2017 is 55k &#8211; 65k MT.
    </p>
    <p>
      <b>General and Administrative Expenses</b>
    </p>
    <p>
      1Q17 General and Administrative expenses were US$22.5 million; a 5%
      increase as compared to the US$21.4 million in 1Q16 mainly due to an
      increase insurance expenses (29% QoQ).
    </p>
    <p>
      <b>Exploration in Non-Operating Areas</b>
    </p>
    <p>
      1Q17 Exploration costs in Non-Operating Areas were US$2.3 million
      compared with US$3.5 million in 1Q16. During the period, Buenaventura&#8217;s
      primarily focused its exploration efforts on the Marcapunta Norte
      (US$0.38 million) and San Gabriel projects (US$0.19 million).
    </p>
    <p>
      <b>Share in Associated Companies</b>
    </p>
    <p>
      During 1Q17, Buenaventura&#8217;s share in associated companies was US$44.9
      million, compared to US$28.4 million reported in 1Q16, comprised of:
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Share in the Result of Associates </b>

          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(in millions of US$)</b>
          </p>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="2">
          <b>Var %</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Cerro Verde
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          36.0
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          19.0
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>90</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Coimolache
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          4.3
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          5.7
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-25</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Yanacocha
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          4.6
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          3.7
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>23</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Total</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>44.9</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>28.4</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>58</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>YANACOCHA</b>
    </p>
    <p>
      At Yanacocha (43.65% owned by Buenaventura), 1Q17 gold production was
      137,621 ounces (60,072 ounces attributable to Buenaventura); a 24%
      decrease as compared to the 180,348 ounces (78,722 ounces attributable
      to Buenaventura) produced in 1Q16.
    </p>
    <p>
      Gold production guidance at Yanacocha for 2017 is 530k &#8211; 560k ounces.
    </p>
    <p>
      In 1Q17, Yanacocha reported a net income of US$10.4 million, compared to
      a net income of US$8.5 million reported in 1Q16.
    </p>
    <p>
      CAS in 1Q17 was US$823/oz; a 12% increase as compared to the US$734/oz
      reported in 1Q16 mainly due to lower volume sold (147,821 gold ounces in
      1Q17 vs 180,348 gold ounces in 1Q16).
    </p>
    <p>
      The Quecher Main project engineering (oxide deposit) is being developed,
      a decision to progress is expected in 2H17. In the case of Yanacocha
      Sulphides, technical and economic viability has been improving, with an
      update expected in 2H17.
    </p>
    <p>
      Capital expenditures at Yanacocha were US$12.6 million in 1Q17.
    </p>
    <p>
      <b>CERRO VERDE</b>
    </p>
    <p>
      At Cerro Verde (19.58% owned by Buenaventura), 1Q17 copper production
      was 118,744 MT (23,250 MT attributable to Buenaventura), a 4% decrease
      compared to 1Q16 (123,414 MT and 24,164 MT attributable to Buenaventura).
    </p>
    <p>
      During 1Q17, Cerro Verde reported a net income of US$184.0 million
      compared to net income of US$96.9 million in 1Q16. This increase was
      primarily due to: i) an increase in volumes sold and ii) higher realized
      price (US$2.83/Lb in 1Q17 compared to US$2.23/Lb in 1Q16).
    </p>
    <p>
      Capital expenditures at Cerro Verde were US$24.7 million in 1Q17.
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="5">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Cerro Verde&#180;s Debt:
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          1.
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Syndicated Loan (US$1.8B): US$540 million of which have been prepaid.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          2.
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Shareholder&#180;s Loan (US$0.6B): US$85 million of which have been
          prepaid.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      Copper production guidance at Cerro Verde for 2017 is 500k MT &#8211; 550k MT.
    </p>
    <p>
      <b>COIMOLACHE (Tantahuatay operation)</b>
    </p>
    <p>
      At Coimolache (40.10% owned by Buenaventura), 1Q17 attributable
      contribution to net income was US$4.3 million (US$5.7 million in 1Q16).
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Project Development and Exploration</b>
    </p>
    <p>
      <br>
      <b>The Tambomayo Project (100% ownership)</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Project ramp-up has been extended due to additional adjustments that
        have to be made in the tailings filtering process.
      </li>
      <li style="margin-bottom: 10.0px">
        Full capacity expected by 3Q17.
      </li>
      <li style="margin-bottom: 10.0px">
        Updated 2017 Production Guidance of 60k &#8211; 90k Au Oz.
      </li>
    </ul>
    <p>
      <b>The San Gabriel Project (100% ownership)</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Environmental Impact Assessment (EIA) was approved on March 31, 2017.
      </li>
      <li style="margin-bottom: 10.0px">
        Prefeasibility in progress to complete:

        <ul>
          <li style="margin-bottom: 10.0px">
            Mining method and rock support analysis
          </li>
          <li style="margin-bottom: 10.0px">
            Metallurgical test to optimize the design of the processing plant
            and recovery rate
          </li>
        </ul>
      </li>
    </ul>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <i><b>***</b></i>
    </p>
    <p>
      <b>Company Description</b>
    </p>
    <p>
      Compa&#241;&#237;a de Minas Buenaventura S.A.A. is Peru&#8217;s largest, publicly
      traded, precious metals company and a major holder of mining rights in
      Peru. The Company is engaged in the mining, processing, development and
      exploration of gold and silver and other metals via wholly owned mines
      as well as through its participation in joint exploration projects.
    </p>
    <p>
      Buenaventura currently operates several mines in Peru (Orcopampa*,
      Uchucchacua*, Mallay*, Julcani*, El Brocal, La Zanja and Coimolache and
      is developing the Tambomayo project.
    </p>
    <p>
      The Company owns 43.65% of Minera Yanacocha S.R.L (a partnership with
      Newmont Mining Corporation), an important precious metal producer;
      19.58% of Sociedad Minera Cerro Verde, an important Peruvian copper
      producer.
    </p>
    <p>
      For a printed version of the Company&#8217;s 2015 Form 20-F, please contact
      the investor relations contacts on page 1 of this report, or download
      the PDF format file from the Company&#8217;s web site at <u>www.buenaventura.com</u>.
    </p>
    <p>
      (*) Operations wholly owned by Buenaventura
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Note on Forward-Looking Statements</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          This press release may contain forward-looking information (as
          defined in the U.S. Private Securities Litigation Reform Act of
          1995) that involve risks and uncertainties, including those
          concerning the Company&#8217;s, Yanacocha&#8217;s and Cerro Verde&#8217;s costs and
          expenses, results of exploration, the continued improving efficiency
          of operations, prevailing market prices of gold, silver, copper and
          other metals mined, the success of joint ventures, estimates of
          future explorations, development and production, subsidiaries&#8217; plans
          for capital expenditures, estimates of reserves and Peruvian
          political, economic, social and legal developments. These
          forward-looking statements reflect the Company&#8217;s view with respect
          to the Company&#8217;s, Yanacocha&#8217;s and Cerro Verde&#8217;s future financial
          performance. Actual results could differ materially from those
          projected in the forward-looking statements as a result of a variety
          of factors discussed elsewhere in this Press Release.
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <b>**Tables to follow**</b>
    </p>
    <p>
      <b>APPENDIX 1</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="5">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="5">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Equity Participation in</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Subsidiaries and Associates (as of December 31, 2016)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center">
          <b>BVN</b>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center">
          <b>Operating</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>Equity %</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>Mines / Business</b>
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          El Molle Verde S.A.C*
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          100.00
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          Trapiche Project
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Minera La Zanja S.A*
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          53.06
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          La Zanja
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Sociedad Minera El Brocal S.A.A*
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          61.32
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          Colquijirca and Marcapunta
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Compa&#241;&#237;a Minera Coimolache S.A **
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          40.10
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          Tantahuatay
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Minera Yanacocha S.R.L **
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          43.65
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          Yanacocha
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Sociedad Minera Cerro Verde S.A.A **
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          19.58
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          Cerro Verde
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Processadora Industrial Rio Seco S.A*
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          100.00
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          Rio Seco chemical plant
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Consorcio Energ&#233;tico de Huancavelica S.A*
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          100.00
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          Energy &#8211; Huanza Hydroelectrical plant
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Buenaventura Ingenieros S.A*
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          100.00
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          Engineering Consultant
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      (*)Consolidates<br>(**) Equity Accounting
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <br>
      <b>APPENDIX 2</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="8">
          <b>GOLD PRODUCTION</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="2">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="2">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Mining Unit</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>Operating Results</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="5">
          <b>Underground</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Orcopampa
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Ore Milled DMT
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          114,485
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          110,588
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>4</b>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Ore Grade OZ/MT
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0.38
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0.40
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>-7</b>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Recovery Rate %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          96.8
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          96.2
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>1</b>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Ounces Produced*
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          42,332
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          44,135
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-4</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Mining Unit</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Operating Results</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="5">
          <b>Open Pit</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          La Zanja
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Ounces Produced
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          32,255
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          34,193
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          -6
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Tantahuatay
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Ounces Produced
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          31,245
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          34,562
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -10
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="12">
          * Includes ounces from retreatment of taling dams
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="8">
          <b>SILVER PRODUCTION</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="2">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="2">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="2">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Mining Unit</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>Operating Results</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="5">
          <b>Underground</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Uchucchacua
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Ore Milled DMT
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          332,876
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          318,381
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>5</b>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Ore Grade OZ/MT
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          14.38
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          15.61
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>-8</b>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Recovery Rate %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          84.0
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          83.8
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>0</b>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Ounces Produced
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          4,021,722
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          4,161,975
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-3</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Julcani
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Ore Milled DMT
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          38,341
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          44,983
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>-15</b>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Ore Grade OZ/MT
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          17.92
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          19.85
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>-10</b>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Recovery Rate %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          96.99
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          95.57
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>1</b>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Ounces Produced
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          666,236
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          853,052
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-22</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Mallay
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Ore Milled DMT
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          49,382
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          48,546
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>2</b>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Ore Grade OZ/MT
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          7.05
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          8.99
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>-22</b>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Recovery Rate %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          92.1
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          93.7
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>-2</b>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Ounces Produced
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          320,372
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          408,619
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-22</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Mining Unit</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Operating Results</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="5">
          <b>Open Pit</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Colquijirca
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Ounces Produced
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          812,998
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          357,699
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>127</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="8">
          <b>ZINC PRODUCTION</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="2">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="2">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Mining Unit</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>Operating Results</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="5">
          <b>Underground</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Uchucchacua
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Ore Milled DMT
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          332,876
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          318,381
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>5</b>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Ore Grade %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1.23
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1.13
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>9</b>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Recovery Rate %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          45.90
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          47.7
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>-4</b>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          MT Produced
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,882
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,725
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>9</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Mallay
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Ore Milled DMT
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          49,382
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          48,546
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>2</b>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Ore Grade %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          4.98
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          6.54
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>-24</b>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Recovery Rate %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          88.30
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          87.0
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>1</b>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          MT Produced
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          2,174
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          2,764
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-21</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Mining Unit</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>Operating Results</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="5">
          <b>Open Pit</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Colquijirca
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          MT Produced
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          16,903
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          9,916
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>70</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>APPENDIX 3: EBITDA Reconciliation (in thousand US$)</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="5">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q17</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>1Q16</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="2">
          <b>Var</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Net Income
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          76,250
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          51,248
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          49
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Add / Subtract:</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>4,495</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>10,784</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="2">
          N.A
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Provision for income tax, net
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -3,459
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -6,789
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -49
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Share in associated companies by the equity method, net
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -44,864
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -28,397
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          58
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Provision for contingencies
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          12,482
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          885
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1310
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Interest income
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -1,291
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -2,347
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -45
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Interest expense
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          7,212
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          7,980
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -10
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Loss on currency exchange difference
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -3,003
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -6,379
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -53
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Long Term Compensation provision
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -4
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          0
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="2">
          N.A
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Depreciation and Amortization
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          44,309
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          46,838
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -5
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Workers&#180; participation provision
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          836
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,276
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -34
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Profit from discontinued operations
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -7,723
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -2,283
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          238
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>EBITDA Buenaventura Direct Operations</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>80,745</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>62,032</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>30</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>EBITDA Yanacocha (43.65%)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          12,956
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          25,405
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -49
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>EBITDA Cerro Verde (19.58%)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          75,764
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          48,233
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          57
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>EBITDA Coimolache (40%)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          8,671
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          11,119
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -22
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          %
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Adjusted EBITDA (including Associated companies)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>178,136</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>146,788</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>21</b>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      <b>Note:</b>
    </p>
    <p>
      EBITDA (Buenaventura Direct Operations) consists of earnings before net
      interest, taxes, depreciation and amortization, share in associated
      companies, net, loss on currency exchange difference, other, net,
      provision for workers&#8217; profit sharing and provision for long-term
      officers&#8217; compensation.
    </p>
    <p>
      EBITDA (including associated companies) consists of EBITDA (Buenaventura
      Direct Operations), plus (1) Buenaventura&#8217;s equity share of EBITDA
      (Yanacocha) (2) Buenaventura&#8217;s equity share of EBITDA (Cerro Verde),
      plus (3) Buenaventura&#8217;s equity share of EBITDA (Coimolache). All EBITDA
      mentioned were similarly calculated using financial information provided
      to Buenaventura by the associated companies.
    </p>
    <p>
      Buenaventura presents EBITDA (Buenaventura Direct Operations) and EBITDA
      (including affiliates) to provide further information with respect to
      its operating performance and the operating performance of its equity
      investees, the affiliates. EBITDA (Buenaventura Direct Operations) and
      EBITDA (including affiliates) are not a measure of financial performance
      under IFRS, and may not be comparable to similarly titled measures of
      other companies. You should not consider EBITDA (Buenaventura Direct
      Operations) and EBITDA (including affiliates) as alternatives to
      operating income or net income determined in accordance with IFRS, as an
      indicator of Buenaventura&#8217;s, affiliates operating performance, or as an
      alternative to cash flows from operating activities, determined in
      accordance with IFRS, as an indicator of cash flows or as a measure of
      liquidity.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>APPENDIX 4: COST APPLICABLE TO SALES RECONCILIATION</b>
    </p>
    <p>
      <b>Reconciliation of Costs Applicable to Sales and Cost Applicable to
      Sales per Unit Sold</b>
    </p>
    <p>
      Cost applicable to sales consists of cost of sales, excluding
      depreciation and amortization, plus selling expenses. Cost applicable to
      sales per unit sold for each mine consists of cost applicable to sales
      for a particular metal produced at a given mine divided by the volume of
      such metal produced at such mine in the specified period. We note that
      cost applicable to sales is not directly comparable to the cash
      operating cost figures disclosed in previously furnished earnings
      releases.
    </p>
    <p>
      Cost applicable to sales and Cost applicable to sales per unit of
      mineral sold are not measures of financial performance under IFRS, and
      may not be comparable to similarly titled measures of other companies.
      We consider Cost applicable to sales and Cost applicable to sales per
      unit of mineral sold to be key measures in managing and evaluating our
      operating performance. These measures are widely reported in the
      precious metals industry as a benchmark for performance, but do not have
      standardized meanings. You should not consider Cost applicable to sales
      or Cost applicable to sales per unit of mineral sold as alternatives to
      cost of sales determined in accordance with IFRS, as indicators of our
      operating performance. Cost applicable to sales and Cost applicable to
      sales per unit of mineral sold are calculated without adjusting for
      by-product revenue amounts.
    </p>
    <p>
      The tables below set forth (i) a reconciliation of consolidated Cost of
      sales, excluding depreciation and amortization to consolidated Cost
      applicable to sales, (ii) reconciliations of the components of Cost
      applicable to sales (by mine and mineral) to the corresponding
      consolidated line items set forth on our consolidated statements of
      profit or loss for the three and nine months ended September 30, 2015
      and 2016, and (iii) reconciliations of Cost of sales, excluding
      depreciation and amortization to Cost applicable to sales for each of
      our mining units. The amounts set forth in Cost applicable to sales and
      Cost applicable to sales per unit sold for each mine and mineral
      indicated in the tables below can be reconciled to the amounts set forth
      on our consolidated statements of profit or loss for the three and nine
      months ended September 30, 2015 and 2016 by reference to the
      reconciliations of Cost of sales, excluding depreciation and
      amortization (by mine and mineral), Selling Expenses (by mine and metal)
      expenses and Exploration in units in operations (by mine and mineral) to
      consolidated Cost of sales, excluding depreciation and amortization,
      consolidated Selling Expenses and consolidated Exploration in units in
      operations expenses, respectively, set forth below.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="8">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Set forth below is a reconciliation of consolidated Cost of sales,
            excluding depreciation and amortization, to consolidated Cost
            applicable to sales:
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="4">
          <b>For the 3 months ended Mar 31</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>2016</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="4">
          <b>(in thousands of US$)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Consolidated Cost of sales excluding depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          141,320
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          115,411
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Add:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Consolidated Exploration in units in operation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          19,661
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          19,116
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Consolidated Commercial deductions
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          66,155
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          54,341
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left; padding-bottom: 2.0px">
          Consolidated Selling expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          4,313
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          4,773
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Consolidated Cost applicable to sales</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>231,449</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>193,641</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="8">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Set forth below is a reconciliation of Cost of sales, excluding
            depreciation and amortization (by mine and mineral) to
            consolidated Cost of sales:
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="4">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="4">
          <b>For the 3 months ended Mar 31</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>2016</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Cost of sales by mine and mineral</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="4">
          <b>(in thousands of US$)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Julcani, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Julcani, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          7,720
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          4,005
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Julcani, Lead
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          650
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          387
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Julcani, Copper
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          45
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          30
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Mallay, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          100
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          117
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Mallay, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          2,370
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          2,088
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Mallay, Lead
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,465
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,301
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Mallay, Zinc
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          2,090
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,508
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Orcopampa, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          23,866
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          21,769
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Orcopampa, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,147
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,083
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Orcopampa, Copper
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          18
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          6
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Uchucchacua, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          20
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          16
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Uchucchacua, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          25,998
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          21,550
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Uchucchacua, Lead
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          2,469
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,318
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Uchucchacua, Zinc
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,518
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          882
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          La Zanja, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          22,932
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          17,712
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          La Zanja, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          684
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          442
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,411
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,978
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          4,883
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          2,726
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Lead
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          3,983
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          2,150
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Zinc
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          13,363
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          7,027
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Copper
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          19,481
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          24,341
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left; padding-bottom: 2.0px">
          Non Mining Units
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          5,104
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          2,975
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Consolidated Cost of sales, excluding depreciation and
          amortization</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>141,320</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>115,411</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="8">
          Set forth below is a reconciliation of Exploration expenses in units
          in operation (by mine and mineral) to consolidated Exploration
          expenses in mining units:
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="4">
          <b>For the 3 months ended Mar 31</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>2016</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Exploration expenses in units in operation by mine and
            mineral</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="4">
          <b>(in thousands of US$)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Julcani, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Julcani, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          3,033
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          2,211
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Julcani, Lead
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          255
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          213
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Julcani, Copper
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          18
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          16
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Mallay, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          30
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          41
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Mallay, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          719
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          728
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Mallay, Lead
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          444
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          453
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Mallay, Zinc
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          634
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          526
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Orcopampa, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          8,574
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          8,188
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Orcopampa, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          412
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          407
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Orcopampa, Copper
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          2
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Uchucchacua, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          4
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Uchucchacua, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          4,448
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          5,735
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Uchucchacua, Lead
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          423
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          351
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Uchucchacua, Zinc
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          260
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          235
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          La Zanja, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          388
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          4
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          La Zanja, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          12
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Lead
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Zinc
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Copper
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left; padding-bottom: 2.0px">
          Non Mining Units
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          0
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Consolidated Exploration expenses in units in operation</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>19,661</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>19,116</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="8">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Set forth below is a reconciliation of Commercial Deductions in
            units in operation (by mine and mineral) to consolidated
            Commercial deductions:
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="4">
          <b>For the 3 months ended Mar 31</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>2016</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Commercial Deductions in units in operation by mine and
            mineral</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="4">
          <b>(in thousands of US$)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Julcani, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Julcani, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,341
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,435
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Julcani, Lead
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          113
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          135
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Julcani, Copper
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          12
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Mallay, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          39
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            44
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Mallay, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          909
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,110
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Mallay, Lead
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          552
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          681
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Mallay, Zinc
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,181
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,369
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Orcopampa, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          99
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          101
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Orcopampa, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          32
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          16
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Orcopampa, Copper
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Uchucchacua, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          6
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Uchucchacua, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          9,626
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          9,256
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Uchucchacua, Lead
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          910
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          568
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Uchucchacua, Zinc
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,544
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,312
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          La Zanja, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          62
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          58
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          La Zanja, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          2,039
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          2,194
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          4,178
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          2,027
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Lead
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          2,792
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,055
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Zinc
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          13,393
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          5,355
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Copper
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          27,323
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          27,605
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left; padding-bottom: 2.0px">
          Non Mining Units
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          0
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Consolidated Commercial deductions in units in operation</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>66,155</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>54,341</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="8">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Set forth below is a reconciliation of Selling expenses (by mine
            and mineral) to consolidated Selling expenses:
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="4">
          <b>For the 3 months ended Mar 31</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>2016</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Selling expenses by mine and mineral</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="4">
          <b>(in thousands of US$)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Julcani, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Julcani, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          102
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          178
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Julcani, Lead
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          17
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Julcani, Copper
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Mallay, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          9
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Mallay, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          102
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          161
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Mallay, Lead
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          63
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          100
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Mallay, Zinc
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          90
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          116
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Orcopampa, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          154
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          159
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Orcopampa, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          8
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Orcopampa, Copper
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          0
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Uchucchacua, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Uchucchacua, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          673
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          809
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Uchucchacua, Lead
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          64
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          49
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Uchucchacua, Zinc
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          39
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          33
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          La Zanja, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          174
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          217
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          La Zanja, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          5
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Gold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          73
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          120
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Silver
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          254
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          165
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Lead
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          207
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          130
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Zinc
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          696
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          425
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          El Brocal, Copper
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,014
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          1,472
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 20.0px; text-align: left; padding-bottom: 2.0px">
          Non Mining Units
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          580
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          598
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Consolidated Selling expenses</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>4,313</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>4,773</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="23">
          <b>JULCANI</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="11">
          <b>1Q 2017</b>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="11">
          <b>1Q 2016</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>GOLD (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>SILVER (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>LEAD (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>ZINC (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>COPPER (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>TOTAL</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>GOLD (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>SILVER (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>LEAD (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>ZINC (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>COPPER (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>TOTAL</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Cost of Sales (without D&amp;A) (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          7,720
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          650
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          45
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          8,418
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -0
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4,005
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          387
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          30
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4,421
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          <b>Add:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Exploration Expenses (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          3,033
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          255
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          18
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          3,307
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,211
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          213
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          16
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,440
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Commercial Deductions (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,341
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          113
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          8
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,463
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,435
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          135
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          12
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,581
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Selling Expenses (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          102
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          9
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          111
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          178
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          17
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          197
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Cost Applicable to Sales (US$000)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>3</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>12,196</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>1,028</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>71</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>13,299</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-1</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>7,829</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>753</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>59</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>8,640</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          <b>Divide:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 20.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Volume Sold
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          4
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          912,656
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          591
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          16
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          Not Applicable
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -1
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          734,224
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          578
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          19
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          Not Applicable
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 20.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>CAS</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>924</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>13.36</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,738</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>4,511</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>Not Applicable</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>10.66</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,301</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>3,154</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>Not Applicable</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="23">
          <b>MALLAY</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="11">
          <b>1Q 2017</b>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="11">
          <b>1Q 2016</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>GOLD (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>SILVER (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>LEAD (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>ZINC (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>COPPER (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>TOTAL</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>GOLD (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>SILVER (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>LEAD (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>ZINC (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>COPPER (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>TOTAL</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Cost of Sales (without D&amp;A) (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          100
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,370
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,465
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,090
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          6,025
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          117
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,088
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,301
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,508
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          5,015
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          <b>Add:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Exploration Expenses (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          30
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          719
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          444
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          634
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,827
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          41
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          728
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          453
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          526
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,748
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Commercial Deductions (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          39
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          909
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          552
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,181
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,680
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          44
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,110
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          681
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,369
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          3,205
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Selling Expenses (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          102
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          63
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          90
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          260
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          9
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          161
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          100
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          116
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          386
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Cost Applicable to Sales (US$000)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>173</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>4,100</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>2,524</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>3,996</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>10,792</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>212</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>4,087</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>2,536</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>3,520</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>10,354</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          <b>Divide:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 20.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Volume Sold
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          193
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          311,157
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,276
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,472
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          Not Applicable
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          240
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          342,590
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,799
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          2,295
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          Not Applicable
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 20.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>CAS</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>897</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>13.18</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,979</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>2,715</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>Not Applicable</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>883</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>11.93</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,409</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,534</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>Not Applicable</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="23">
          <b>ORCOPAMPA</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="11">
          <b>1Q 2017</b>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="11">
          <b>1Q 2016</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>GOLD (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>SILVER (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>LEAD (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>ZINC (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>COPPER (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>TOTAL</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>GOLD (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>SILVER (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>LEAD (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>ZINC (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>COPPER (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>TOTAL</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Cost of Sales (without D&amp;A) (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          23,866
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,147
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          18
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          25,031
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          21,769
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,083
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          6
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          22,858
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          <b>Add:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Exploration Expenses (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          8,574
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          412
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          7
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          8,993
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          8,188
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          407
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          8,598
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Commercial Deductions (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          99
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          32
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          135
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          101
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          16
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          118
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Selling Expenses (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          154
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          7
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          161
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          159
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          8
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          167
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Cost Applicable to Sales (US$000)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>32,692</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>1,599</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>29</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>34,320</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>30,217</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>1,515</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>10</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>31,742</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          <b>Divide:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 20.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Volume Sold
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          42,101
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          150,134
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          7
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          Not Applicable
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          43,951
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          186,208
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          3
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          Not Applicable
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 20.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>CAS</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>777</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>10.65</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>4,120</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>Not Applicable</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>688</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>8.13</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>3,102</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>Not Applicable</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          <b>Prorrateo</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>95%</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>5%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>0%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>95%</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>5%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>0%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="23">
          <b>UCHUCCHACUA</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="11">
          <b>1Q 2017</b>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="11">
          <b>1Q 2016</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>GOLD (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>SILVER (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>LEAD (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>ZINC (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>COPPER (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>TOTAL</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>GOLD (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>SILVER (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>LEAD (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>ZINC (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>COPPER (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>TOTAL</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Cost of Sales (without D&amp;A) (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          20
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          25,998
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,469
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,518
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          30,005
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          16
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          21,550
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,318
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          882
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          23,766
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          <b>Add:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Exploration Expenses (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          3
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4,448
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          423
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          260
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          5,134
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          5,735
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          351
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          235
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          6,325
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Commercial Deductions (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          7
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          9,626
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          910
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,544
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          12,087
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          6
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          9,256
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          568
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,312
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          11,142
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Selling Expenses (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          673
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          64
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          39
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          777
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          809
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          49
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          33
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          892
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Cost Applicable to Sales (US$000)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>30</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>40,745</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>3,866</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>3,361</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>48,003</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>27</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>37,351</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>2,286</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>2,461</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>42,125</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          <b>Divide:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 20.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Volume Sold
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          42
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          3,732,401
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          2,258
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,118
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          Not Applicable
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          34
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          3,608,021
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,791
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          1,361
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          Not Applicable
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 20.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>CAS</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>730</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>10.92</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,713</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>3,008</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>No Applicable</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>789</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>10.35</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,276</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,809</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>No Applicable</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="23">
          <b>LA ZANJA</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="11">
          <b>1Q 2017</b>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="11">
          <b>1Q 2016</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>GOLD (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>SILVER (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>LEAD (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>ZINC (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>COPPER (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>TOTAL</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>GOLD (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>SILVER (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>LEAD (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>ZINC (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>COPPER (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>TOTAL</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Cost of Sales (without D&amp;A) (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          22,932
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          684
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          23,617
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          17,712
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          442
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          18,154
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          <b>Add:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Exploration Expenses (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          388
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          12
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          400
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Commercial Deductions (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          62
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          63
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          58
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          58
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Selling Expenses (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          174
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          5
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          179
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          217
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          5
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          222
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Cost Applicable to Sales (US$000)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>23,557</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>702</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>24,259</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>17,990</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>449</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>18,439</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          <b>Divide:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 20.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Volume Sold
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          32,570
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          67,519
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          Not Applicable
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          33,432
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          68,787
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          Not Applicable
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 20.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>CAS</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>723</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>10.40</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>Not Applicable</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>538</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>6.52</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>Not Applicable</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="23">
          <b>BROCAL</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="11">
          <b>1Q 2017</b>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="11">
          <b>1Q 2016</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>GOLD (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>SILVER (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>LEAD (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>ZINC (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>COPPER (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>TOTAL</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>GOLD (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>SILVER (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>LEAD (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>ZINC (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>COPPER (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>TOTAL</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Cost of Sales (without D&amp;A) (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,411
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4,883
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          3,983
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          13,363
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          19,481
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          43,120
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,978
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,726
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,150
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          7,027
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          24,341
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          38,222
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          <b>Add:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Exploration Expenses (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Commercial Deductions (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,039
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4,178
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,792
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          13,393
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          27,323
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          49,726
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,194
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,027
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,055
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          5,355
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          27,605
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          38,237
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Selling Expenses (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          73
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          254
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          207
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          696
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,014
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,245
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          120
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          165
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          130
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          425
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,472
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,311
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Cost Applicable to Sales (US$000)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>3,523</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>9,315</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>6,983</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>27,451</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>47,819</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>95,091</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>4,292</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>4,918</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>3,335</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>12,806</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>53,418</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>78,770</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          <b>Divide:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 20.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Volume Sold
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          3,429
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          825,740
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          5,595
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          14,102
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          9,806
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          Not Applicable
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          3,333
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          374,950
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          2,398
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          8,687
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          11,076
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          Not Applicable
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 20.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>CAS</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,028</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>11.28</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,248</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,947</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>4,877</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>Not Applicable</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,288</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>13.12</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,391</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,474</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>4,823</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>Not Applicable</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="23">
          <b>NON MINING COMPANIES</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="11">
          <b>1Q 2017</b>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="11">
          <b>1Q 2016</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>GOLD (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>SILVER (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>LEAD (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>ZINC (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>COPPER (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>TOTAL</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>GOLD (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>SILVER (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>LEAD (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>ZINC (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>COPPER (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>TOTAL</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Cost of Sales (without D&amp;A) (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          5,104
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,975
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          <b>Add:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 20.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Selling Expenses (US$000)
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          580
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          598
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 20.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Total (US$000)
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          5,684
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          3,573
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="23">
          <b>BUENAVENTURA CONSOLIDATED</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="11">
          <b>1Q 2017</b>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="11">
          <b>1Q 2016</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>GOLD (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>SILVER (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>LEAD (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>ZINC (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>COPPER (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>TOTAL</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>GOLD (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>SILVER (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>LEAD (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>ZINC (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>COPPER (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>TOTAL</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Cost of Sales (without D&amp;A) (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          48,331
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          42,803
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          8,568
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          16,971
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          19,544
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          141,320
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          41,592
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          31,895
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          5,156
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          9,417
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          24,377
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          115,412
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          <b>Add:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Exploration Expenses (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          8,997
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          8,624
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,122
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          894
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          24
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          19,661
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          8,238
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          9,081
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,018
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          760
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          19
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          19,116
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Commercial Deductions (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,246
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          16,088
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4,368
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          16,118
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          27,335
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          66,155
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,403
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          13,845
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,439
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          8,035
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          27,618
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          54,341
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Selling Expenses (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          406
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,144
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          343
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          825
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,015
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4,313
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          505
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,326
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          297
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          574
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,473
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4,773
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Cost Applicable to Sales (US$000)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>59,979</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>68,658</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>14,401</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>34,808</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>47,918</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>231,449</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>52,738</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>56,148</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>8,910</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>18,787</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>53,487</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>193,642</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          <b>Divide:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 20.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Volume Sold
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          78,338
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          5,999,608
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          9,719
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          16,691
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          9,829
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          Not Applicable
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          80,989
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          5,314,779
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          6,567
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          12,342
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          11,098
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          Not Applicable
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 20.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>CAS</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>766</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>11.44</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,482</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>2,085</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>4,875</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>Not Applicable</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>651</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>10.56</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,357</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,522</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>4,820</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>Not Applicable</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="23">
          <b>COIMOLACHE</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="11">
          <b>1Q 2017</b>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="11">
          <b>1Q 2016</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>GOLD (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>SILVER (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>LEAD (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>ZINC (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>COPPER (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>TOTAL</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>GOLD (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>SILVER (OZ)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>LEAD (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>ZINC (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>COPPER (MT)</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>TOTAL</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Cost of Sales (without D&amp;A) (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          13,536
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          811
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          14,347
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          12,418
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,112
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          13,529
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          <b>Add:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Exploration Expenses (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,623
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          97
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,720
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,205
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          108
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,313
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Commercial Deductions (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          170
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          9
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          179
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          130
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          16
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          146
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Selling Expenses (US$000)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          159
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          9
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          168
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          242
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          22
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          264
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Cost Applicable to Sales (US$000)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>15,488</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>927</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>16,414</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>13,995</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>1,257</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>-</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>15,252</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          <b>Divide:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 20.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          Volume Sold
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          30,493
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          123,896
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          Not Applicable
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          32,808
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          238,191
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          Not Applicable
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 20.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>CAS</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>508</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>7.48</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>Not Applicable</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>427</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>5.28</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>-</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>Not Applicable</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>APPENDIX 5: ALL-IN SUSTAINING COST</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Buenaventura</b>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="7">
          <b>All-in Sustaining Cost for 1Q17</b>
        </td>
        <td colspan="4">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="3">
          <b>Buenaventura<sup>1</sup></b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="3">
          <b>La Zanja</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="3">
          <b>Tantahuatay</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="3">
          <b>Attributable <sup>2</sup></b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1Q17</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="3">
          <b>1Q17</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1Q17</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1Q17</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Au Ounces Sold BVN
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          69,617
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Au Ounces bought from La Zanja
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -27,278
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Au Ounces Sold Net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          42,339
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          32,248
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          30,493
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          71,675
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1Q17</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1Q17</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1Q17</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1Q17</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Income Statement &amp; Cash Flow</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>US$ 000'</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>US$/Oz Au</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>US$ 000'</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>US$/Oz Au</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>US$ 000'</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>US$/Oz Au</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>US$ 000'</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>US$/Oz Au</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Cost of Sales<sup>3</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          76,195
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,800
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          23,264
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          721
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          14,347
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          471
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          94,291
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,316
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Exploration in Operating Units
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          19,261
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          455
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          827
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          26
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,720
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          56
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          20,390
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          284
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Royalties
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4,379
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          103
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4,379
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          61
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Comercial Deductions<sup>4</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          16,365
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          387
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          709
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          22
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          179
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          6
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          16,813
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          235
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Selling Expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,349
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          32
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          139
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          168
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          5
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,490
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          21
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Administrative Expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          15,428
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          364
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          493
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          15
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          909
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          30
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          16,054
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          224
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Other Expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,640
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          39
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,515
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          78
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,141
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          37
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          3,432
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          48
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Other Incomes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,265
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          70
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -1,368
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -45
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          653
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          9
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Sustaining Capex<sup>5</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          7,029
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          166
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          543
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          17
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,003
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          66
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          8,120
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          113
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          By-product Credit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -102,334
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -2,417
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -1,166
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -36
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -2,153
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -71
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -421,275
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -5,878
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>All-in Sustaining Cost</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>39,312</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>929</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>29,588</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>918</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>16,945</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>556</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>61,805</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>862</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          *All-in Sustaining Cost does not include: Depreciation and
          Amortization, Stoppage of mining units, Exploration in non-operating
          areas.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Notes:</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            1.
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Non-consolidated financial statements for Compa&#241;ia De Minas
            Buenaventura S.A.A.
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            2.
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Considers 100% from Compa&#241;ia De Minas Buenaventura S.A.A., 53.06%
            from La Zanja and 40.095% from Tantahuatay.
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            3.
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            For Buenaventura does not consider purchase of concentrate from La
            Zanja.
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            4.
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            For all metals produced.
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            5.
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Sustaining Capex + Growth Capex equals Acquisitions of mining
            concessions, development costs, property, plant and equipment.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Buenaventura</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>All-in Sustaining Cost for 1Q16</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="3">
          <b>Buenaventura<sup>1</sup></b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>La Zanja</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Tantahuatay</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="3">
          <b>Attributable Production<sup>2</sup></b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1Q16</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1Q16</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1Q16</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: center; padding-right: 0.0px; border-bottom-width: 1.0pt" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1Q16</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Au Ounces Sold BVN
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          77,548
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Au Ounces bought from La Zanja
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -33,324
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Au Ounces Sold Net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          44,224
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          34,728
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          32,808
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          75,805
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1Q16</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1Q16</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1Q16</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1Q16</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          <b>Income Statement &amp; Cash Flow</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>US$ 000'</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>US$/Oz Au</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>US$ 000'</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>US$/Oz Au</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>US$ 000'</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>US$/Oz Au</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>US$ 000'</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt">
          <b>US$/Oz Au</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Cost of Sales<sup>3</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          58,411
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,321
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          17,006
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          490
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          13,529
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          412
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          72,859
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          961
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Exploration in Operating Units
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          19,112
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          432
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          594
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          17
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,313
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          40
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          19,954
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          263
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Royalties
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4,674
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          106
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4,674
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          62
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Comercial Deductions<sup>4</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          16,046
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          363
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          860
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          25
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          146
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          16,561
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          218
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Selling Expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,641
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          37
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          222
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          6
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          264
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          8
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,865
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          25
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Administrative Expenses<sup>5</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          12,738
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          288
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          492
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          14
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          555
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          17
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          13,222
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          174
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Other Expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,890
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          54
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          806
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          25
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,326
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          17
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Other Incomes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -761
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -17
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -3,803
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -109
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -1,111
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -34
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -3,224
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -43
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Administrative charges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          584
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          17
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          321
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          10
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          438
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          6
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Sustaining Capex<sup>6</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          10,941
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          247
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          271
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          8
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          3,806
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          116
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          12,611
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          166
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          By-product Credit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -83,195
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -1,881
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -898
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -26
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -3,564
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -109
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -85,100
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -1,123
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>All-in Sustaining Cost</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>39,607</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>896</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>17,218</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>496</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>16,067</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>490</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>55,185</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>728</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          *All-in Sustaining Cost does not include: Depreciation and
          Amortization, Stoppage of mining units, Exploration in non-operating
          areas.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Notes:</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            1.
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Non-consolidated financial statements for Compa&#241;ia De Minas
            Buenaventura S.A.A.
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            2.
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Considers 100% from Compa&#241;ia De Minas Buenaventura S.A.A., 53.06%
            from La Zanja and 40.095% from Tantahuatay.
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            3.
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            For Buenaventura does not consider purchase of concentrate from La
            Zanja.
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            4.
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            For all metals produced.
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            5.
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            For Buenaventura, does not consider management services charged to
            subsidiaries.
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            6.
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Sustaining Capex + Growth Capex equals Acquisitions of mining
            concessions, development costs, property, plant and equipment.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>APPENDIX 6</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="9">
          <b>Compa&#241;&#237;a de Minas Buenaventura S.A.A. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="9">
          <b>Consolidated Statement of Financial Position</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="9">
          <b>As of March 31, 2017 and December 31, 2016</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="2">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="2">
          <b>2016</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Assets</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="2">
          <b>US$(000)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="2">
          <b>US$(000)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Current assets</b>
        </td>
        <td colspan="3">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Cash and cash equivalents
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          170,584
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          80,544
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Trade and other accounts receivable, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          296,323
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          269,089
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Inventory, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          126,658
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          120,947
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Income tax credit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          12,789
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          19,956
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Prepaid expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          13,190
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          11,392
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Embedded derivatives for sale of concentrate, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          4,147
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>623,691</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>501,928</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Non-current assets</b>
        </td>
        <td colspan="3">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Trade and other receivables, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          151,342
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          166,048
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Long-term income tax credit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4,012
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          3,660
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Long-term inventory
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          9,435
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          14,027
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Investment in associates
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,578,591
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,536,607
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Mining concessions, development costs, property, plant and
          equipment, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,002,697
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,960,025
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Investment properties, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          9,964
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          10,089
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Deferred income tax asset, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          34,658
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          25,881
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Prepaid expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          28,128
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          30,431
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Other assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          18,427
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          17,719
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>3,837,254</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>3,764,487</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Total assets</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>4,460,945</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>4,266,415</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Liabilities and shareholders&#8217; equity, net</b>
        </td>
        <td colspan="3">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Current liabilities</b>
        </td>
        <td colspan="3">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Bank loans
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          190,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          55,000
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Trade and other payables
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          279,608
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          273,440
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Provisions
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          62,089
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          62,502
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Income tax payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          10,003
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          8,686
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Embedded derivatives for sale of concentrate, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,524
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Hedge derivative financial instruments
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,017
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          3,863
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Financial obligations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          40,683
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          40,110
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>583,400</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>445,125</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Non-current liabilities</b>
        </td>
        <td colspan="3">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Trade and other payables
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          17,172
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          15,982
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Provisions
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          171,983
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          174,190
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Financial obligations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          548,220
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          552,232
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Contingent consideration liability
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          19,343
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          19,343
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Deferred income tax liability, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          11,749
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          12,330
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>768,467</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>774,077</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Total liabilities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,351,867</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>1,219,202</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Shareholders&#8217; equity, net</b>
        </td>
        <td colspan="3">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Capital stock
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          750,497
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          750,497
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Investment shares
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          791
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          791
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Additional paid-in capital
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          218,450
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          218,450
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Legal reserve
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          163,071
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          162,744
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Other reserves
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          269
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          269
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Retained earnings
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,746,340
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,690,123
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Other reserves of equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (158
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (1,783
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Shareholders&#8217; equity, net attributable to owners of the parent
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>2,879,260</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          <b>2,821,091</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Non-controlling interest
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          229,818
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          226,122
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Total shareholders&#8217; equity, net</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>3,109,078</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>3,047,213</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Total liabilities and shareholders&#8217; equity, net</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>4,460,945</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          <b>4,266,415</b>
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Compa&#241;&#237;a de Minas Buenaventura S.A.A. and Subsidiaries</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Consolidated Statement of Income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>For the three-month periods ended March 31, 2017 and 2016</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="2">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="2">
          <b>2016</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="2">
          <b>US$(000)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="2">
          <b>US$(000)</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Continuing operations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Operating income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Net sales of goods
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          266,289
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          215,080
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Net sales of services
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          6,503
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          5,568
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Royalty income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          5,470
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          6,685
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Total operating income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          278,262
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          227,333
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Operating costs</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Cost of sales, without considering depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (136,607
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (112,672
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Cost of services, without considering depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (4,713
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (2,740
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (44,309
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (46,838
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Exploration in operating units
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (19,661
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (19,116
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Mining royalties
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (6,358
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (6,168
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Total operating costs</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (211,648
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (187,534
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Gross profit</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          66,614
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          39,799
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Operating expenses, net</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Administrative expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (22,455
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (21,411
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Provision for contingencies
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (12,482
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (885
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Selling expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (4,313
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (4,773
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Exploration in non-operating areas
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (2,293
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (3,514
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Other, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (1,949
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          3,817
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Total operating expenses, net</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (43,492
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (26,766
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Operating profit</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          23,122
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          13,033
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Other income (expense), net</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Share in the results of associates
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          44,864
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          28,397
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Net gain (loss) from currency exchange difference
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          3,003
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          6,379
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Financial income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,291
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,347
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Financial costs
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (7,212
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (7,980
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Total other income, net</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          41,946
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          29,143
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Profit before income tax</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          65,068
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          42,176
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Current income tax
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (6,260
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (7,003
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Deferred income tax
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          9,719
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          13,792
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Profit (loss) from continuing operations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          68,527
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          48,965
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Discontinued operations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Profit (loss) from discontinued operations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          7,723
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          2,283
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Net profit</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          76,250
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          51,248
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Attributable to:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Owners of the parent
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          70,696
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          51,562
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Non-controlling interest
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          5,554
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (314
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: left; padding-right: 0.0px; border-bottom-width: 1.0pt">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          76,250
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          51,248
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Basic and diluted loss per share attributable to</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>equity holders of the parent, stated in U.S. dollars</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          0.28
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          0.20
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Weighted average number of shares outstanding</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px; padding-bottom: 2.0px">
          <b>(common and investment), in units</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          253,986,867
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          253,715,190
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="7">
          <b>Compa&#241;&#237;a de Minas Buenaventura S.A.A. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="7">
          <b>Consolidated Statement of Cash Flows</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="7">
          <b>For the three-month periods ended March 31, 2017 and 2016</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>2016</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center">
          <b>US$(000)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center">
          <b>US$(000)</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Operating activities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Proceeds from sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          255,316
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          181,821
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Proceeds from dividends
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          3,073
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          134,015
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Value Added Tax recovered
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          7,938
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          53,093
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Royalty received
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          6,209
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          7,557
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Interest received
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          961
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,654
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Payments to suppliers and third-parties
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (189,653)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (168,056)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Payments to employees
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (42,720)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (35,765)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Payments of mining royalties
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (4,379)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (4,469)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Payments of interest
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (5,937)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (3,790)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Payment of income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (11,434)
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (2,157)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Net cash and cash equivalents provided by operating activities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          19,374
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          163,903
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Investing activities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Proceeds from loans
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          17,680
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Proceeds from sales of mining concessions, property, plant and
          equipment
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          6,571
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          110
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Acquisitions of mining concessions, development costs, property,
          plant and equipment
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (81,612)
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (52,028)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Net cash and cash equivalents used in investing activities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (57,361)
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (51,918)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Financing activities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Proceeds of bank loans
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          165,000
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          160,000
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Payments of bank loans
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (30,000)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (160,000)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Payments of financial obligations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (3,613)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (8,584)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Increase of restricted bank accounts
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (1,691)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (4,452)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Dividends paid to controlling interest
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (1,669)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (2,080)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Increase of financial obligations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,186
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Acquisition of non-controlling interest
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          -
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (158)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Net cash and cash equivalents provided by (used in) financing
          activities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          128,027
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          (14,088)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Net increase in cash and cash equivalents during the period
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          90,040
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          97,897
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Cash and cash equivalents at the beginning of the period
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          80,544
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          76,588
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Cash and cash equivalents at period-end</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          170,584
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          174,485
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>2016</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>US$(000)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>US$(000)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Reconciliation of net profit to cash and cash equivalents provided</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <b>by operating activities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Net loss
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          70,696
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          51,562
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Plus (less):</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          44,309
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          46,838
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Provision for employee bonus
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          5,658
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Reversal (provision) for impairment loss of inventories
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (291)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (1,782)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Net loss (gain) on sales of mining concessions, property, plant and
          equipment
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (110)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Net loss (gain) from currency exchange difference
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (3,003)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (6,379)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Accretion expense of provision for closure of mining units and
          exploration projects
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          290
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          738
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Net share in results of associates
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (44,864)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (28,397)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Loss attributable to non-controlling interest
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          5,554
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (314)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Deferred income tax expense (income)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (9,719)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (13,792)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Provision for estimated fair value of embedded derivatives related
          to concentrate
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (10,266)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (13,021)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          sales and adjustments on open liquidations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Hedge derivative instruments
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          5,947
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          -
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Other net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (6,700)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          4,149
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          <b>Net changes in operating assets and liabilities:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Decrease (increase) in operating assets -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Trade and other accounts receivable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (22,005)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,537
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Inventories
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          946
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          9,799
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Income tax credit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          6,815
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          7,944
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Prepaid expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          505
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (6,366)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Increase (decrease) in operating liabilities -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Trade and other accounts payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (16,002)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (30,658)
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Provisions
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (7,228)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          3,039
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 20.0px; text-align: left">
          Income tax payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,317
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (557)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 10.0px; text-align: left">
          Proceeds from dividends
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          3,073
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          134,015
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <b>Net cash and cash equivalents provided by operating activities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          19,374
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; text-align: right; padding-right: 0.0px; border-bottom-width: 1.0pt">
          163,903
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br><b>Contacts in Lima:</b><br><b>Carlos Galvez, (511) 419-2540</b><br><b>Chief
      Financial Officer</b><br>or<br><b>Rodrigo Echecopar, (511) 419-2591</b><br><b>Investor
      Relations Coordinator</b><br><u><b>rodrigo.echecopar@buenaventura.pe</b></u><br><b>or</b><br><b>Contacts
      in NY:</b><br><b>Barbara Cano, (646) 452-2334</b><br><u><b>barbara.cano@mbsvalue.com</b></u><br>or<br><b>Company
      Website:</b> <u><b>www.buenaventura.pe/ir</b></u>
    </p>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
